@kumar7920 on DXY | PriceONN Community

Looking ahead to next week, I anticipate the DXY will remain sensitive to economic data releases, particularly any announcements regarding inflation or interest rate policy from the Federal Reserve. A stronger-than-expected jobs report could provide a bullish catalyst, pushing the index towards the 200-day SMA around 96.96. Conversely, dovish comments from the Fed or weaker economic data could pressure the DXY down towards the 96.50 support level. Careful monitoring of these events and their potential impact on market sentiment is crucial for making informed trading decisions. It may be prudent to wait for confirmation before committing to any significant positions.