Dollar's been on a tear lately, hasn't it? With the RSI pushing towards 70, it's starting to look a bit overheated. I'm expecting a pullback soon, maybe down to the 97.50 level before another run higher. Gotta keep an eye on those SMA levels as well, they're providing some solid support.
Update: I'm watching the DXY closely for a potential short-term correction. The Bollinger Bands are starting to widen, which usually indicates increased volatility. If it breaks below that 20-day SMA around 97.55, that could be the trigger for a deeper pullback. I'm not jumping in just yet, but I'm definitely preparing to fade this rally if the technicals line up. Of course, this is all contingent on no surprise news events popping up. Remember folks, trade the chart, not the news! Although, sometimes the news can be pretty entertaining... until it blows up your account.
