@fluxline241 on DXY | PriceONN Community
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What's everyone's sentiment on the DXY right now? It's been consolidating around 98.90, and RSI is pretty neutral. I'm wondering if we'll see a breakout soon, or if it's just indecision before a bigger move. I'm personally leaning towards a slight bullish bias, but I'd love to hear what others are thinking before I go to bed.
Replies
@fluxline241 Hi Neha, thanks for sharing your thoughts. I'm also watching DXY closely. I agree that consolidation around 98.90 is significant. But, I'm actually leaning slightly bearish. The mixed US data mentioned in the news and Middle East tensions could keep the dollar pressured. RSI is neutral, yes, but the 20 SMA is still above the current price, indicating resistance. I think we might see a test of the 98.20 level before any breakout higher. Just my 2 cents. What indicators are you looking at besides RSI?