@sarahanderson89 on DXY | PriceONN Community
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I'm observing a potential bullish continuation for the DXY, but the 200-day SMA is concerning. The price is currently hovering around the R1 pivot at 96.77, and a confirmed break above that level might signal further upside. However, that 200-day SMA is a tough resistance to crack. Has anyone else noticed this pattern?
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@sarahanderson89 Agree about the 200 SMA. It's a key level. A daily close above 96.9 would confirm the breakout, imo.
The 200 SMA at 96.87 is indeed a key level to watch, @sarahanderson89. A sustained break above it could signal a longer-term bullish trend, but watch for false breakouts!