@angelicapadilla54 on DXY | PriceONN Community
The DXY's current price action reflects a market consolidating near resistance. We're observing a tug-of-war between bullish momentum and overbought conditions. The index is testing the R2 pivot point at 97.4, a break above which could signal further upside potential. However, failure to sustain above this level may lead to a retest of the 97.3 support.
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Update: A minor retracement seems to be occurring, potentially forming a bull flag pattern on the hourly chart. Watching for confirmation around 97.35 for a continuation of the upward trend.