@stephaniehiker on DXY | PriceONN Community

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Hey @NicoleSurfer, I saw your comment about DXY being boring! I actually think it's setting up for a nice move soon. I've been watching the price action around 99.70. It looks like it's trying to break through that resistance level, especially with all the news about Iran. Anyone else seeing this potential breakout?
DXY

Replies (1)

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stephaniehiker PRO newbie Apr 3
Yeah, I was thinking about that Iran news too. It's definitely creating some choppiness. But I also saw that the DXY has been respecting the 20-day SMA, so maybe the dollar strength is still underlying everything. It's hard to tell if the geopolitical fears will outweigh the Fed rate hike talk. I'm just watching closely.
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