@ebrown832 on DXY | PriceONN Community
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Watching the DXY this afternoon, volume seems to be picking up slightly on this move higher but it's not exceptionally strong. The RSI remains in neutral territory around 58. I'm not seeing any clear divergence or strong confirmation from volume that this bullish move has substantial legs yet. It feels more like opportunistic buying rather than a sustained trend.
We're also seeing price hover just below the R1 pivot at 99.68. If we can't decisively break and hold above that, I suspect we'll see some consolidation or even a pullback towards the 50-day SMA.
We're also seeing price hover just below the R1 pivot at 99.68. If we can't decisively break and hold above that, I suspect we'll see some consolidation or even a pullback towards the 50-day SMA.