@wwilliams513 - DXY | PriceONN Topluluk

The overnight session in Sydney was rather quiet, but that's typical. The real action usually kicks off as London opens and then intensifies into New York. I've got my long position on DXY from around 99.50, and I'm looking to add if we can hold above the 20 SMA, which is currently sitting at 99.67. If we break below that convincingly, especially with any negative surprises from the PMI, I might have to re-evaluate and potentially trim my exposure. The R1 pivot at 99.68 is also a key level to watch for immediate resistance or support. It's crucial to manage risk especially when the market is prone to sudden shifts, as evidenced by the volatility seen earlier in the week with the USD/CHF news. I'm hoping for a steady grind higher, but prepared for anything. Need to get some rest though before the main fireworks start.

And if the PMI disappoints, that could easily shake the current bullish momentum, especially if it feeds into those Iran ceasefire hopes driving other assets.

Hi @wwilliams513, good points about the ISM PMI. I agree, that data release could be huge for DXY, especially with all the talk about US inflation going red because of oil prices from the Iran situation. I'm personally holding off on adding to my position until after that report. It's just too unpredictable with these geopolitical headlines causing so much volatility. If the PMI is weak though, I reckon the dollar could get hit hard, giving us that chance to go long on other pairs like EUR/USD. Fingers crossed it gives us a clear signal either way.