@msharma469 on DXY | PriceONN Community
Namaste everyone! With the DXY closing around 96.56, I'm curious to hear what others anticipate for the upcoming week. Are we expecting a continuation of this sideways movement, or do you foresee a breakout or breakdown? Any specific levels to watch? Would appreciate hearing your thoughts!
Replies
Hello @msharma469, I'm also looking at the 97.50 level as a key point to watch next week. A break above that could signal further upside, potentially testing the R1 pivot around 97.52. Conversely, failure to hold above the 50 SMA might lead to a retest of the S1 support at 97.35. What are your thoughts on using Fibonacci retracement levels in this scenario?