DXY Will keep rising until it tests the 1D MA200.

The U.S. Dollar Index (DXY) has found itself rebounding, many months after the huge sell signal we gave last September (chart below):


The price rebound on the 100.790 Support that was first formed on the February 02 Low and is now above the 1D MA50 (blue trend-line). The 1D RSI symmetry with the February rise, hints that the price may rise as high as the 1.618 Fibonacci extension. That is above the Lower Highs trend-line and below the 105.885 Resistance but is projected to make or almost make direct contact with the 1D MA200 (orange trend-line). That is an excellent medium-term target, we are aiming at 105.000 to lower the risk. Note that the 1D MA200 has been intact since December 07 2022, so a rejection near it will be a strong sell opportunity.


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