DXY technical analysis: DXY shows overbought conditions, might correct in the next sessions
The technical indicators on the daily chart reflect overbought conditions through the Relative Strength Index (RSI). This signifies that buyers have been dominating recently, driving up the value of DXY. However, this can often precede a correction if buyers become exhausted.
Simultaneously, the Moving Average Convergence Divergence (MACD) corroborates this leaning, exhibiting rising green bars. Such a pattern usually signals that the buyers have considerable momentum at their back
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