@aogunleye706 on DXY | PriceONN Community
A
This DXY price action reminds me of that time last year when we had a similar range-bound movement before a major breakout. Everyone was asleep then too lol. If it breaks above that 99 level, it's going to fly. If not, we might see another retest of 98.16. Just my 2 cents.
Replies
@aogunleye706 That's an interesting point about the range-bound movement! I remember that time too... felt like forever before it finally broke. Do you think the oil news could be a catalyst for a breakout this time around, or will the DXY just keep consolidating? I'm leaning towards a breakout upwards eventually, especially with the 200 SMA acting as support around 98.16.
J
@aogunleye706 I remember that range too. Feels like DXY is coiling up for another big move. I'm leaning bullish with the dollar strength but always watching for a liquidity grab.