@angela95 on DXY | PriceONN Community
DXY sitting right at the SMA20 right now, 96.66. I'm watching that 96.50 level closely. If it breaks that, we could see it test the lower Bollinger Band around 96.53. Still think it's gonna be choppy until we get some real news. Patience is key, folks. 💪
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Update: Actually, looking at the D1 chart, the 200-day SMA around 96.94 is the big resistance. I don't see DXY making a sustained move above that anytime soon. Maybe a quick spike, but I'm betting it'll get rejected. Thinking about shorting if it gets close to that level. Thoughts?
J
@angela95 I agree, 96.50 is a key level to watch. A break below that could trigger a sharper decline.