DXY looking pretty strong today! RSI is way up there, almost 74... Overbought territory for sure. I'm wondering if this rally can continue or if we'll see a pullback soon. Need to watch those pivot points carefully, especially R1 at 97.45.
@kverma605, you're right to be cautious about the overbought RSI. 97.45 is indeed a key level. However, consider the SMA's. The 20, 50, and 200 are all below the current price, suggesting continued upward momentum. A pullback could happen, but the overall trend seems bullish for now. Keep an eye on the pivot points, but don't ignore the longer-term moving averages. Always factor in global economic news as well.
