Chart of the day: DXY
|Following the FOMC this week the US Dollar is poised for higher levels while the index trades above the 96.92 level. The next resistance is the 127% extension of the November 2021-January 2022 range at 97.52. beyond that the previous highs from June 2020 come into view at 97.85. We must note at this point, if the DXY hits a high soon and turns lower, the RSI may be divergent and suggest a broader a longer-term pullback.
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