@william5080 on DXY | PriceONN Community
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Interesting to see the DXY dipping below the 20 SMA here at 99.68. This feels like a bit of a knee-jerk reaction to the fading Fed rate-cut hopes mentioned in the news, but the dollar doesn't seem to have much conviction behind this move yet. Price is currently hovering around the 99.66 mark.
Replies
Hey @william5080, yeah I saw that dip too. Below the 20 SMA, big deal. They always do that to shake out the weak hands before whatever move they've planned. This whole Fed rate cut talk is just noise to cover their tracks, you know? It's all a game.