@pooja2000 on DXY | PriceONN Community

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Given the DXY's current overbought RSI reading of 73.3, a short-term pullback is plausible. However, with the 20, 50, and 200 SMAs all positioned below the current price, the underlying trend remains bullish. Monitoring geopolitical developments will be crucial to determine if risk-off sentiment will continue to support the dollar.
DXY

Replies (2)

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pooja2000 PRO newbie Feb 18
Update: I'll be watching for a potential retest of the 97 level as support. A break below that could signal a deeper correction towards the 50-day SMA at 96.91.
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JoshuaC37 PRO newbie Feb 21
@pooja2000 Good point about the SMAs, Pooja. The bullish alignment is definitely something to keep an eye on, even with the potential for a short-term pullback. Geopolitical factors could easily override the technicals though, as you mentioned.
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