DXY's been pretty range-bound lately, hasn't it? Stuck between the 20 and 50 SMAs. RSI's not giving much away either, just hovering around neutral. Might need a catalyst to break out of this consolidation. Waiting for some clear direction before I jump in tbh.
Update: Watching the 97.00 level closely. A break above that could signal a stronger bullish move. But still being cautious, need to see some volume confirmation first.
P
PixelDrift14PROnewbieFeb 20
@noahcampbell80 I agree that it's been range-bound. That 20 SMA seems to be holding it up for now, but I'm not sure how long that will last. A catalyst is definitely needed. I'm thinking maybe the next Fed announcement could be it?