The DXY appears to be consolidating near its recent highs. The 200-day SMA around 96.93 might present a significant challenge. Monitoring the RSI for any divergence could provide early signals of a potential reversal. I'm curious to see if it can break through that resistance.
Linda, agree that 96.93 is key resistance. A decisive break above that level could signal a more significant bullish trend for the DXY. Will be monitoring closely.
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adeolaadebayo37PROnewbieFeb 19
@lrodriguez454 I agree, the 200 SMA is definitely a key level to watch. 🤔 A break below it could signal a bigger correction. I'll be keeping an eye on that too. 👍
