@A_Hall on DXY | PriceONN Community
The dollar index has been steadily climbing, and with the RSI above 60 on the daily chart, it seems to have some bullish momentum. The 200-day SMA at 96.85 is now acting as a strong support level. I think we could see it testing the 98 level soon if this trend continues. A break above 97.70 would confirm the bullish outlook in my opinion.
Replies
Update: Looking at the Bollinger Bands, the DXY is trading near the upper band, which could indicate it's overbought in the short term. However, with the underlying trend still bullish, this might just be a temporary pullback. I'll be watching closely to see if it can maintain its position above the 20-day SMA around 97.46. If it falls below that, we might see a deeper correction.