Following the FOMC this week, the U.S. 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 DXY hits a high soon and turns lower, the RSI may be divergent and suggest a broader a longer-term pullback.
Chart Of The Day: DXY
