@harry3722 on DXY | PriceONN Community

Honestly, I'm a bit stumped with the DXY right now. The fact that it's pushing above the 200 SMA and flirting with R1 at 99.92 is clearly bullish, especially with the RSI still elevated around 72, suggesting sustained strength. However, the recent news about potential Fed rate hikes, which should be dollar positive, seems to be creating some mixed signals, or perhaps it's already priced in? I'm also seeing the Bollinger Bands widening slightly, which could indicate an increase in volatility, but the price is sitting right at the upper band. It's like different indicators are telling slightly different stories, and that makes me hesitant to commit to a significant directional move just yet. Need to see if it can decisively break above 100 or if this is a short-lived push before a correction.