@sMishra41 on DXY | PriceONN Community
S
The dollar index is currently exhibiting a robust bullish trend, supported by favorable economic data and hawkish signals from the Federal Reserve. The RSI approaching overbought territory suggests a potential for a short-term pullback, but the overall momentum remains upwards. Key levels to watch include the 97.50 resistance and the 97.00 support. A break above 97.50 could trigger further upside, while a drop below 97.00 might signal a temporary correction. Monitoring the 20-day SMA will also provide valuable insights into the strength of the prevailing uptrend. I'm closely watching the upcoming inflation data for further clues!