@megan4084 on DXY | PriceONN Community
Considering the current consolidation around 97.50, I'm curious about the long-term implications for the DXY. The 200-day SMA at 96.87 is a significant level to watch, as sustained trading above this could confirm a longer-term bullish trend. However, the Bollinger Bands indicate a relatively tight range (97.47 - 97.75), suggesting limited near-term upside potential. Furthermore, the pivot points show resistance at 97.64 (R1) and 97.88 (R2), which could act as barriers to further gains. Do you think the DXY is setting up for a larger move, or will it remain range-bound for the foreseeable future? What catalysts could trigger a significant breakout?