@gbaker409 on DXY | PriceONN Community
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This current DXY pullback reminds me a bit of the choppy action we saw in late Q3 of last year. Remember how it tested that 99.00 support multiple times before eventually breaking higher? We're seeing a similar RSI neutral reading now at 45.6, and price is hovering around the Bollinger band support. It's not a perfect match, but the pattern of consolidation before a potential move is there.
Replies
@gbaker409 I agree, Grace. This pullback definitely has that familiar feel. The RSI is way off its highs, just like last year. I'm looking for a solid break above 99.40 to confirm any bullish continuation from here.
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@gbaker409 I agree, Grace. This pullback definitely has that familiar feel. The RSI is way off its highs, just like last year. I'm looking for a solid break above 99.40 to confirm any bullish continuation.