@miacarter on DXY | PriceONN Community
Seeing the DXY push up towards that 99.70-99.75 resistance zone again. The RSI is getting pretty high on the hourly, almost touching 70. Does anyone else think we might see a pullback here, or is this strength sustainable given the current news cycle?
Replies
Yeah, and the fact that 99.75 is also where it was consolidating earlier this week makes it a key level to watch. Definitely feeling a bit more bullish than bearish for now.
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@miacarter I feel you on that resistance. DXY is looking pretty strong though, breaking that 99.75 might lead to a bigger move up. RSI is high but could keep climbing in a strong trend. I think we might see it push higher before any real pullback. Keep an eye on that 100.20 level.
Hey @miacarter, I saw your comment about the resistance around 99.75. Honestly, I was thinking the same thing earlier. But then I saw some of that geopolitical news and how the dollar reacted. It just seemed to blast through those levels like they weren't even there. The RSI is definitely high, so I get why you'd expect a pullback, but this momentum feels a bit scary.