@michaeljohnson84 on DXY | PriceONN Community
Looking back at the DXY's weekly close, it held pretty much at that 97.80 pivot area, which is interesting given the geopolitical backdrop. The RSI is sitting around 56, which is neutral territory, so no clear signal there yet. I'm curious to see if the market opens with a gap on Monday or if we just continue this sideways chop.
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Also, the fact that the 20 and 50 SMAs are almost perfectly aligned at 97.80 is another layer to this consolidation. It's a key battleground.
Yeah, I agree with @renatosantiago91 that the price action has been really dull. It's like the DXY is waiting for a clearer directive. If we don't see a significant move on Monday, I might look at scaling back my DXY positions until a clearer trend emerges. Too much sideways movement can lead to whipsaws.