DXY The critical 1D MA50 is so far holding. What's next?

The U.S. Dollar Index (DXY) has been testing the 1D MA50 (blue trend-line) for 6 straight days, so far successfully as it is holding. Practically, this has been the DXY's Support since February 23 and ignoring two short breaks, since June 16 2021.

There are two Higher Lows trend-lines involved (1 and 2) but technically a break and 1D candle close below the 1D MA50 should ignore Higher Lows 1 and target the 1D MA200 (orange trend-line). However in order to see that happen, the 1D RSI Support has to break (in effect since February 03). Until that happens, a rebound is more likely (as it has been happening for months), targeting the 109.300 Resistance.


--------------------------------------------------------------------------------------------------------

** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **

--------------------------------------------------------------------------------------------------------