@james5013 on DXY | PriceONN Community
Looking at the DXY weekly chart, it seems to be consolidating around the 97.40 level. The 200-day SMA at 96.87 is providing some support. I'm curious to see if this level holds next week, or if we will see a further decline towards the S1 pivot at 97.35. A break below that could signal further weakness.
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Update: Considering the current market conditions, I am leaning towards a more cautious approach next week. The neutral RSI reading doesn't give a clear signal either way. I'll be closely monitoring the price action around the 50-day SMA (97.47) for potential entry points, but only if I see a clear bullish confirmation.