@aishamohammed on DXY | PriceONN Community
A
The DXY's current price action is interesting. It's been consolidating around the 97.40 area, but the SMAs suggest there's still upward momentum. The 20 SMA is above the 50 SMA, which is a bullish signal. However, the Bollinger Bands show that the price is near the upper band, which could indicate a potential pullback. I'm looking at the pivot points for potential support and resistance levels. If it breaks above R1 at 97.47, it could target R2 at 97.5. Overall, I'm cautiously optimistic, but I'll be watching closely for any signs of weakness.