USD the most below 200-day in more than a year

Dollar's range mania

DXY has traded inside the same range since late 2022. We are close to the low of the range and the massive 100 level. 200 day moving is basically trading without a trend. RSI is at the most oversold since last summer. Pushing break out moves in the DXY has been a costly strategy, both ways. But clearly, the "sell dollar rallies" strategy that many on sell-side are advocating /waiting for isn’t working right now.