@dpatel517 on DXY | PriceONN Community

The DXY's recent rally is primarily driven by expectations of tighter monetary policy. The Fed's hawkish stance is providing a significant tailwind. However, we need to consider potential headwinds, such as global growth concerns and geopolitical risks. A short-term correction is possible, especially if upcoming data disappoints. From a technical perspective, the 200-day SMA around 96.86 is a crucial support level. A break below that could negate the bullish outlook. I'm maintaining a long bias, but with a tight stop-loss below 96.80 to manage downside risk. Overall, risk-reward favors the upside, but vigilance is key.