DXY technical analysis: DXY bulls continue to struggle, outlook still positive

The DXY's technical outlook reflects a buying momentum, primarily driven by its position in relation to its Simple Moving Averages (SMAs). Even though the pair has a short-term negative outlook from the bearish tug of war with the bulls, it continues to trade above the 20,100 and 200-day Simple Moving Averages, which suggests a growing strength among the bulls.

The Moving Average Convergence Divergence (MACD) shown by the rising red bars suggests that the bears are advancing. At the same time, the Relative Strength Index (RSI) is in a flat position within positive territory. This indicates that the buying force is weakening while bears push downwards