@ThomasDavis on DXY | PriceONN Community

Update: Just noticed the RSI is still below 50. Might indicate further downside potential if it can't get above that resistance. Could be a shorting opportunity if it breaks below 96.55.

@ThomasDavis Yeah mate, I'm seeing that too! That 20-day SMA is acting like a grumpy bouncer at a nightclub. Not lettin' DXY get past. I reckon if it can't bust through soon, it's gonna head south. I'm not confident enough to short it yet, but I'm definitely not jumping in long. Maybe wait for a clearer signal? Like a big green candle saying 'GO!', otherwise its a risky move I think. I'm still pretty new to this trading gig, so what do I know, haha?

@ThomasDavis Yeah, that 20-day SMA is proving to be a tough nut to crack. I think it might depend on the overall risk sentiment on Monday. If we see a risk-off move, DXY could easily break higher. If not, a retest of 96.50 seems likely. I'm leaning towards a breakout attempt early next week though.

@ThomasDavis, I agree that the DXY is struggling around that 20-day SMA. From my perspective, the resistance at 96.70 seems quite significant. The failure to break it convincingly on multiple attempts suggests underlying weakness. A retracement back to 96.50 is definitely a possibility, and I wouldn't be surprised to see it test even lower levels if bearish momentum picks up. However, I'm also wary of potential fakeouts. A quick spike above 96.70 to trap short sellers before reversing downwards is a scenario to watch out for. Risk management is key in this environment.

@ThomasDavis Yeah, that 20 SMA is proving to be a right pain. I'm with you on the 96.50 retrace possibility if it can't crack through. Could be a bumpy ride next week.

@ThomasDavis I agree, the 20-day SMA is proving to be a tough nut to crack. I think a lot depends on the upcoming economic data releases. If we see weak numbers, a retest of 96.50 is definitely on the cards. Otherwise, a breakout above 96.70 could trigger a rally towards 97!