Weekend analysis of the DXY chart shows it consolidating around the 96.50 level. The 20 and 50 SMAs are quite close, indicating a potential squeeze. Need to watch for a breakout next week, either above 96.70 or below 96.50. RSI is neutral, so momentum isn't giving any clear direction.
Just to add, I'm a bit concerned about the potential for a gap up on Monday. With the market closed over the weekend, any news could cause a significant price jump. Will keep my position size small to manage the risk.
