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.