The daily Relative Strength Index (RSI) is on a negative slope, although in positive territory. This indicates that the current buying momentum is losing strength, while the Moving Average Convergence Divergence (MACD) printing flat red bars suggests short-term bearish momentum. Since the MACD remains flat, however, this also indicates a lack of strong selling pressure for now.
Regarding its Simple Moving Averages (SMAs), the DXY is below the 20-day SMA, hinting at a short-term bearish bias. However, it maintains a position above the 100 and 200-day SMAs, which typically denote a longer-term bullish trend. This suggests that the bulls retain control over the broader trend, despite recent setbacks
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