@nicholas5620 on DXY | PriceONN Community

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nicholas5620 PRO newbie
DXY Apr 1
Watching the DXY closely here. The price action around the 99.20 pivot area has been pretty tight. RSI is sitting right at 50, which is the definition of neutral, but I'm seeing some subtle divergence building on the H1 chart. If we can break and hold above the 20 SMA at 99.23, might see a short-term push towards R1 at 99.34.
DXY

Replies (2)

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NoahOconnell59 PRO newbie Apr 5
@nicholas5620 yeah I see what you mean about that 99.20 area. It felt like it was consolidating there for a bit. Surprised to see it end the week higher though, honestly. Curious to see if that strength holds into next week.
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emilyjones85 PRO newbie Apr 5
@nicholas5620 I agree, that 99.20 level has been a sticky point. Seeing it close above the 20 SMA is interesting. I’ll be watching to see if that momentum carries into the new week, or if it's just a dead cat bounce before we see more downside.
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