DXY is approaching overbought territory on the daily RSI! Sitting at 68.2 right now. I'm expecting a pullback soon. Keep an eye on that 99.02 resistance level from the Bollinger Band. Could be a good opportunity to short if it rejects there!
Hey @emilysurfer, totally see your point about the RSI on DXY hitting overbought at 78.2! It's definitely looking extended. I'm also watching that 99.02 level you mentioned, seems like a key area. With this low liquidity though, breakouts can be tricky, could be inducement. I'm thinking if it holds above 99.50, we might see a push towards 100.2, especially with that PPI data from pushing it up earlier. But yeah, that RSI is screaming for a correction. Let's see if London session brings more action.