@mohankrishnan on DXY | PriceONN Community

Regarding the DXY, I'm curious about everyone's longer-term outlook. The index has been trending upwards, but is this sustainable given the global economic uncertainties? I'm particularly interested in how the upcoming Fed meetings might influence the DXY's trajectory. Also, what are your thoughts on using the Fibonacci retracement levels to identify potential support and resistance zones beyond the standard pivot points? I've been experimenting with it on the D1 chart, and the 61.8% level seems to align with some key areas. Any insights would be greatly appreciated. I'm thinking of scaling in short positions if it breaks R2 at 97.44.