@dev8720 on DXY | PriceONN Community

This current DXY setup actually reminds me of late 2020. Remember when the dollar was struggling to hold those levels around 91-92? It looked like it was going to keep falling indefinitely, and many analysts were calling for its demise. But then, it found a strong support base, and we saw a pretty significant rally into the next year. The RSI was also in a similar neutral zone back then, and the price action eventually turned around. We're seeing some similar forces at play now with this easing inflation narrative and the dollar weakening. I'm not saying it's a perfect match, but historical patterns often rhyme. The key will be whether DXY can hold the 97.70 pivot level. If it does, I think we might see a bounce similar to what happened before, possibly pushing back towards the 50-day SMA or even higher if the sentiment shifts hard.