The DXY's current consolidation around the 97.60 level is interesting! The RSI is hovering around 55, indicating a neutral momentum. I'm watching for a potential breakout above R1 at 97.65, which could signal a bullish continuation. A break below S1 at 97.56 might lead to further downside.
@bwright707 I agree with your analysis, especially about the RSI being neutral. That's the thing, isn't it? It could go either way. A break above 97.65 could definitely trigger some FOMO and push it higher. But if it fails to hold above the 50 SMA around 97.46, we might see a retest of S2 at 97.35. I'm thinking of setting up alerts around those levels, just in case. Gotta be ready for anything, right? Good luck trading!
