DXY Index Price Chart: Daily Timeframe
The continued float higher by the DXY Index hasn't altered the technical picture. Price remains above its daily 8-, 13-, and 21-EMA envelope, but both daily MACD and Slow Stochastics are not pointing higher. The DXY Index appears to be in a 'melt up' situation towards the yearly high at 97.69 (although indicators are have diverged due to the lack of conviction in price action). A loss of upside momentum would be noteworthy below 96.04.
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