With no high-impact macroeconomic data from the US, the market and rising US Treasury yields helped the DXY rise.
The US Dollar Index is trading below MM200 currently at 101.957 . If the DXY closes the day above this level, it could hit 102.5. Meanwhile, the RSI on the 4H chart is close to 50, suggesting that sellers are refraining from committing to further USD weakness.
A daily close below that 101.40 zone could open the door for an extended drop towards 100.00
The US Dollar Index is trading below MM200 currently at 101.957 . If the DXY closes the day above this level, it could hit 102.5. Meanwhile, the RSI on the 4H chart is close to 50, suggesting that sellers are refraining from committing to further USD weakness.
A daily close below that 101.40 zone could open the door for an extended drop towards 100.00