@jwilson394 on DXY | PriceONN Community
Looking at DXY this morning, it’s consolidating nicely above the 20-period SMA around 99.69. The price action is pretty tight, suggesting we might see a breakout soon. Given the bullish sentiment from that USD strength post-inflation news and the lingering geopolitical tensions pushing safe havens, I'm leaning towards a continuation upwards. If we can push past the R1 pivot at 99.72 and hold above it, I'd expect a move towards the R2 at 99.74, maybe even higher if liquidity grabs start to clear out some shorts. RSI is sitting at 59, which is neutral but has room to run before getting overbought. Watching that 99.80 level closely for potential resistance or a breakout point.