@emilyjackson67 on DXY | PriceONN Community

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I'm looking at the DXY chart and it seems to be struggling around the 99.70-99.80 resistance area. The 20-period SMA is at 99.71, which could be acting as an immediate hurdle. If it can't break past that decisively, I'm worried it might pull back further. What do you guys think?
DXY

Replies (2)

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emilyjackson67 PRO newbie Apr 3
Actually, looking closer, the Bollinger Band upper limit is at 99.91. Maybe it needs to test that before it can decide which way to go.
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dThompson95 PRO newbie Apr 5
Hey @emilyjackson67, yeah that 99.70-99.80 area is definitely a key level. I noticed the 20 SMA is sitting right there too, acting as solid resistance. If we don't see a decisive break through that on Monday, I'd expect a retest of the lower Bollinger band or even back towards the 50 SMA around 99.48.
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