@kevintaylor23 on DXY | PriceONN Community
K
The DXY appears to be consolidating, exhibiting a lack of clear directional momentum. Observe the behavior around the 96.50-96.75 range. A breakout above 96.75 could signal bullish continuation, while a breakdown below 96.50 may lead to further downside testing of support levels. Risk management is crucial in this environment.
Replies
@kevintaylor23 I agree, the consolidation is pretty clear. I'm also watching those levels you mentioned. If it breaks below 97.35 (S1 pivot), I think we might see a bigger drop. What are your thoughts on the 200 SMA acting as support if it does break down?