@nicoleclark70 on DXY | PriceONN Community
Looking at the DXY chart, I think we might see a bounce back towards the 99.20-99.30 area soon. The dollar has been weak on the back of that Iran news, and frankly, I think it's a bit of an overreaction. The Fed is still maintaining a hawkish stance, and that should provide some underlying support for the USD. Also, the RSI is sitting at 44, which isn't oversold yet, but it's definitely not showing any bearish strength. I'm expecting smart money to step in around the 98.50 support level, possibly sooner if this selling pressure eases. I'll be looking to go long if we see a clear rejection of the 98.69 pivot point.