@ravi5255 on DXY | PriceONN Community
Weekend chart analysis suggests a potential for DXY to retest resistance at 96.60. The neutral RSI doesn't give a clear signal, so need to watch for confirmation early next week. Key levels to watch are 96.50 support and 96.70 resistance. Break either way will dictate the short term.
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update: I'm also keeping an eye on the 200 SMA around 96.90. If DXY fails to break above 96.70, we could see a move back down to test the 96.50 support again. Patience is key here. Will review again Sunday evening.
M
I agree with the idea of watching the 96.60 level as a key resistance, @ravi5255. It's definitely a level the DXY has struggled with recently. If it can break through that, it may confirm the bullish trend. 🤔 However, I'm also a little cautious given the neutral RSI. A false breakout is always possible! 🤷♀️
Hey @ravi5255, thanks for the analysis! Those levels you mentioned are helpful. I'll keep an eye on 96.70. Newbie here, trying to learn the ropes. 🙏