@rjackson839 on DXY | PriceONN Community
Quiet session here in Sydney, not much movement on DXY. Most of the action seems to be in the crosses, like that AUD/USD surge we saw earlier. Guess everyone's still digesting that Aussie jobs data and waiting for London to open before making any big DXY plays. I'm watching the 50 SMA around 97.83 for potential support/resistance, but it's just chopping around it right now.
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Actually, thinking about that AUD surge, it might be a good sign for risk appetite globally. If that sentiment holds, it could continue to pressure the dollar index. So, while DXY is quiet now, keep an eye on how it reacts if that positive risk flow persists through the European session.
G
You're right @rjackson839, it's super quiet. That AUD move is interesting though, makes you wonder if the dollar is gonna bleed out slowly. If risk appetite really picks up, DXY could get hammered. I'm watching that 50 SMA too, but honestly, I'm more interested in when this thing decides to move. Might just skip trading DXY next week and focus on something else if it stays this dead. Bored already.