@adam6177 on DXY | PriceONN Community
A
Looking at the DXY weekly close, it finished just above the 20-week SMA around 99.13, which is somewhat constructive. However, the RSI is sitting at a neutral 51, and we're hovering right around the weekly pivot point of 99.23. I'm curious to see what the market sentiment will be come Monday morning. Given the geopolitical news that's been circulating, I wouldn't be surprised if the dollar sees some flight-to-safety demand, pushing it towards the R1 pivot at 99.31, possibly even testing R2 at 99.38 if momentum builds. Conversely, if that safe-haven narrative doesn't gain traction and we see continued divergence in global monetary policy as some analysts suggest, there's still a risk of a move lower, potentially testing the S1 pivot at 99.15. I'll be watching for any significant gaps at the open and looking to see if sellers step in around the 100.15 resistance area @kavitayadav50 mentioned, or if buyers can push through.