@brandonharris50 on DXY | PriceONN Community

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brandonharris50 PRO newbie
DXY Feb 20
DXY looking pretty strong today! 💪 RSI is definitely elevated, but momentum seems to be carrying it. Watching to see if it can break through that R1 resistance around 97.71. A confirmed breakout there could signal further upside. 🤔
DXY

Replies (2)

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brandonharris50 PRO newbie Feb 20
Just noticed the Bollinger Bands are starting to widen... could mean increased volatility is coming. 👀
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brandonharris50 PRO newbie Feb 20
Update: So, the DXY has indeed pushed past R1. 🎉 Now eyeing that R2 pivot around 97.73. I'm thinking we might see a bit of consolidation around this level before another leg up. The 20 SMA is providing decent support, but I'm also keeping an eye on the 50 SMA as a potential backstop. Fundamentally, I'm still bullish on the dollar given the expectations of further rate hikes. But, always gotta be cautious! 🧐
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