@jackmitchell28 on DXY | PriceONN Community
J
Looking back at the weekly close for the DXY, it's a bit of a mixed bag, isn't it? We saw some initial bullish momentum, but it seems to have fizzled out towards the end of the week. The RSI hovering around 44 suggests we're not in overbought territory, but also not seeing strong bearish signals either. The key level to watch next week will probably be that 97.50 area. A sustained break above that could open the door to further gains, but if it fails to hold, we might see a retest of the 97.30s. I'm thinking of keeping an eye on the 20 SMA as a potential dynamic support level. Anyone else have thoughts on this?