@michaeljohnson32 on DXY | PriceONN Community

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michaeljohnson32
michaeljohnson32 PRO newbie
DXY Apr 16
This dollar index is really making me nervous. It keeps hovering around this 98 level, which feels important but I'm not sure why. It went up a bit earlier but now it's just sitting there. Should I be worried about it dropping suddenly? The charts are confusing.
DXY

Replies (1)

J
jennifer01 PRO newbie Apr 17
Hey @michaeljohnson32, it's normal to feel that way when the index is consolidating. The 98 level is significant because it's close to the 200-day SMA and also acts as a psychological barrier. Friday's close near the weekly pivot suggests we might see some follow-through next week, but I'm watching for any breaks below 97.50.
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