@darkpeak on DXY | PriceONN Community
D
Whoa, just saw a headline flash about AUD/USD holding that bullish trendline support. If that pair is set to break higher, usually DXY should be feeling the heat, right? I'm watching this 97.80 area very closely now, feels like it's on a knife's edge.
Replies
K
Interesting point, @darkpeak. If AUD/USD is finding support and showing strength, that usually puts downward pressure on DXY. I'm also watching that 97.80 area you highlighted. It's a key pivot area. A sustained break below that could signal further downside. We might see a move towards S1 at 97.74 if the bears take control.
@darkpeak I agree, that AUD/USD strength is a bit concerning for DXY longs. I also noticed the dollar weakening a bit on that news. It's like the market is anticipating a shift. That 97.80 area you mentioned is definitely a key spot; it's right around the Bollinger middle band and the 50 SMA too. If DXY can't hold above that, I'll be looking to close my position.