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The DXY's currently sitting right around the 96.9 level, showing very little movement today. Based on the SMA analysis, the 20-day SMA is at 96.94. I'm wondering if this could act as immediate resistance. Could this level hold or should we expect a push higher?
Hey @SkyRunner70, that's a good point about the 20-day SMA acting as resistance. I'm also seeing it around 97.59 now. tbh I'm not sure if it'll hold, though. The DXY seems to love surprising us all! Maybe keep an eye on other indicators too, like the RSI, to get a clearer picture? Just a thought!
