On technical charts, the short-term bullish pressure remains intact after the DXY Index (USD index) rebounded last week from quite a strong converged floor at 102.50-1.0300, including the 89-period moving average and the lower edge of the Ichimoku cloud on the 240-minute charts.
Zooming out, the index has been struggling to clear past a tough barrier at the May high of 104.70, slightly above the 200-day moving average. Negative divergence on the daily charts (declining momentum associated with flat index levels) is a sign that the index lacks the strength to break past the barrier, raising the risk of a retreat.
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