DXY technical analysis: Momentum flattens, bulls running out of time

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Technical indicators suggest a flattening momentum but still retain a positive stance. The Relative Strength Index (RSI) remains above the 50 level, while the Moving Average Convergence Divergence (MACD) continues to print green bars.

With the bullish activity taking a pause, the DXY Index continues to hold above its 20, 100 and 200-day Simple Moving Average (SMA). The slowing down of the momentum from last week might indicate a possible slowdown in the recent rally of the DXY.



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