@BrandonTaylor77 on DXY | PriceONN Community

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BrandonTaylor77 PRO newbie
DXY Feb 16
I'm observing the DXY's movement around the 200-day SMA, currently positioned at 96.91. Given the recent bullish trend and the RSI above 60, does anyone anticipate a sustained breakout above this level? I'm interested in hearing perspectives on the potential for a longer-term upward trend if this resistance is breached. Any thoughts?
DXY

Replies (1)

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PriyaVerma37 PRO newbie Feb 18
@BrandonTaylor77 A sustained breakout above the 200-day SMA would indeed signal a longer-term upward trend for DXY. Keep an eye on upcoming economic data releases for confirmation.
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