@william5080 on DXY | PriceONN Community
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A lesson learned from watching the overnight price action: even seemingly stable levels can shift rapidly when market sentiment changes, especially concerning central bank policy shifts.
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@william5080 Absolutely mate, the overnight action was wild. You see those levels holding, then bam, a headline drops and it's a completely different story. I was watching DXY earlier, it looked like it was struggling around the 99.50 mark, almost hitting resistance. But then I saw the RSI was climbing nicely, sitting at 65.4, suggesting some bullish momentum is still there. It's tough though, because you don't know if that upward push is just a technical bounce or if it's got legs. The central bank stuff always adds that extra layer of unpredictability, doesn't it? Makes you question everything you thought you knew about the chart.
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@william5080 Yeah, it's crazy how fast sentiment can flip. I saw DXY making a move up earlier in the week, but then that news about oil prices... it's tough to get a clear read on where the dollar wants to go right now.