Bit of a head-scratcher this morning with DXY. Price is nudging up, but RSI is flatlining and volume isn't screaming conviction. The 50 SMA also looks like a decent resistance zone. Feels like we're stuck between a rock and a hard place here.
Yeah, it's really that mixed signal thing. You've got the geopolitical news out there, which usually supports USD as a safe haven, but the chart action isn't really reflecting that strong demand. It's like the market's shrugging it off for now. Maybe it's just consolidation before the next big move, but I'm not seeing a clear direction on the intraday charts. Need to see a break above that 50 SMA with some volume to even consider a long, otherwise, we could easily get squeezed back down.
