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Looking at the weekly close, DXY seems to be stuck in a range. The 50 SMA is acting as dynamic support around 97.47. Next week, a decisive break above 97.60 or below 97.30 will likely dictate the short-term direction. Patience is key until we see a clear signal.
Adding to my earlier comment, the neutral RSI(14) at 44.2 suggests that the DXY isn't overbought or oversold, reinforcing the range-bound scenario. I'll be watching the H4 chart closely on Monday for early signs of a breakout. A gap opening above 97.60 would be a strong bullish signal. Otherwise, a drop below 97.30 could target the S1 pivot at 97.35. Manage your risk accordingly this week.
