DXY technical analysis: Dollar Index recovers to positive ground post previous surge
The DXY Index has not only managed to stay afloat but has also recovered to a stronger position on the chart. The index stands above the 20, 100 and 200-day Simple Moving Averages (SMA), reinforcing the bullish outlook.
Additionally, the Relative Strength Index (RSI) manages to stay over 50, backing up the bullish sentiment further. The Moving Average Convergence Divergence (MACD) indicates the presence of increased demand at its current levels.
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