DXY technical analysis: DXY bulls struggle amid flat indicators
Despite the bullish momentum being halted, the DXY pair appears well-supported by its position above the 20,100 and 200-day Simple Moving Averages (SMAs), suggesting ongoing bullish sentiment.
The Relative Strength Index (RSI), being flat in positive territory, leaves room for possible bullish incursions. The lack of any definitive inclination may indicate an ongoing struggle between bulls and bears, yet retaining a latent potential for bullish behavior. Coinciding with the neutral RSI, the Moving Average Convergence Divergence (MACD) presenting flat green bars signals a sustained but flat buying momentum. Despite the occasional downturns, the prevalent green histogram highlights bulls’ resilience
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