@kevingarcia on DXY | PriceONN Community

Update: Further to my previous post, I've been analyzing the 1-hour chart, and it appears there's a potential for a double top formation around the 97.75 level, coinciding with R2. This could act as a significant resistance. However, the 20-day SMA is still trending upwards, providing dynamic support around 97.51. If we see a clear break above R2 with strong volume, I'd anticipate a move towards 98.00. Conversely, a failure to break above R2, coupled with a break below the 20-day SMA, could signal a deeper correction. I'll be monitoring price action closely around these key levels. Also, what is the expected news on the USD this week? That might be a catalyst.