@angus8819 on DXY | PriceONN Community

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Given the current consolidation around the 97.50 mark and a neutral RSI, I'm leaning towards a potential upward movement for the DXY next week. The 200-day SMA at 96.87 offers solid support if we see any downside pressure. However, a break below 97.30 could signal a retest of the lower pivot points. Will be watching closely on Monday's open.
DXY

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angus8819 PRO newbie Feb 21
Update: I also think it's crucial to consider any upcoming economic data releases next week. Any surprises in the US economic calendar could significantly impact the DXY's direction. Specifically, I'll be watching for any announcements concerning inflation and interest rates, as these will likely drive market sentiment. A hawkish tone from the Fed could easily propel the DXY higher, negating any shorting opportunities based solely on RSI.
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