

DXY is trying to reverse upwards from the lower line of the bullish wedge formation. RSI indicator shows short term divergence with the price and turn over 30 with a buy signal. MACD is also cross to the upside of its 9-day average below zero and shows a fresh buy signal as well. If the signals work, Dollar Index may start a move towards the upper line which is currently at the 92.275 level. The price should stay above the 89.880 level for this bullish scenario to work.