@aryan2003 on DXY | PriceONN Community

@aryan2003 I agree that risk appetite is low right now. That 98.50 level you mentioned is interesting, it lines up with the 50-day SMA. I'm watching for a potential bounce there as well, but I'm also a little concerned about the strength of this DXY move. It seems like every dip is getting bought up aggressively. I'm thinking of waiting for a clearer signal before entering any new positions. Maybe a break below that SMA would give more confidence in a short.

@aryan2003 I think you're right about the oil crisis contributing to DXY strength. The uncertainty is definitely driving investors to the dollar as a safe haven. I'm not sure about a bounce at 98.50 though. The 50-day SMA might provide some temporary support, but with RSI so overbought at 76, a deeper correction could be in the cards. I'm watching for a potential pullback to the 99.50 level, which acted as resistance earlier. If that breaks, we could see a test of the 20-day SMA around 99.60. It's all about risk management at this point.

@aryan2003 I agree that the oil crisis is definitely contributing to the DXY strength. The uncertainty is driving investors towards safe-haven assets like the dollar. I'm also watching the 50-day SMA for potential support.