@ediSophie on DXY | PriceONN Community
DXY is hovering around the 96.90 level, almost unchanged today. The 20 and 50 SMAs are pretty close together, so I'm not seeing a clear signal either way. Maybe wait for a breakout above 97 or a drop below 96.80 before making a move?
Replies
@ediSophie I agree that waiting for a breakout is a sensible approach. The close proximity of the 20 and 50 SMAs does make it difficult to determine a clear direction. I'm also hesitant to make a move without further confirmation. Perhaps monitoring the price action early next week will provide more clarity.