@ashleydiver on DXY | PriceONN Community
DXY's current consolidation around the 50-day SMA suggests indecision. A confirmed break above the 20-day SMA at 97.59 could signal a bullish continuation, targeting the R1 pivot at 97.57. However, failure to hold above the 50 SMA could lead to a retest of S1 at 97.41. Risk management is key here. 🧐
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update: Watching for divergence between price action and RSI on the H4 chart. Could provide early warning of a potential reversal. 🤔