@elizabethnelson on DXY | PriceONN Community
The dollar seems to be maintaining its upward trajectory. While the RSI suggests it is approaching overbought territory, the Simple Moving Averages show consistent support. It will be important to monitor upcoming economic announcements for any potential shifts in momentum. I am curious to see if it breaks through the 200-day SMA at 96.91.
Replies
Update: I'm also looking at the pivot points for potential resistance levels. R1 at 96.77 and R2 at 96.78 appear to be immediate targets, but a break above those could signal further gains. I wonder if the market will consolidate around the 96.85 level before making its next move. It's essential to consider various technical indicators for a comprehensive analysis.