@asifrana48 on DXY | PriceONN Community
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Watching the DXY around that 99.55 pivot point. RSI is still low, suggesting some room to the upside if we get some follow-through. However, that 200 SMA at 99.44 is a key level to break if we're looking for a deeper retracement. The geopolitical news could add volatility, but technically, it's a bit of a stalemate here.
Replies
Hey @asifrana48, good call on watching that 99.55 pivot. I agree, RSI is still in neutral territory, which means there's definitely room for this rally to run if the buyers keep showing up. The geopolitical news is definitely adding some spice, but technically, the DXY is looking pretty solid right now. I'm seeing strong momentum building, and with that push above the 20 SMA, I'm thinking we could see a move towards the 100.00 level sooner rather than later. That 200 SMA at 99.44 is a support I'd be watching if we do pull back, but honestly, I'm leaning bullish on this short-term move. Let's see how this New York session plays out!
J
@asifrana48 99.55 pivot is key, but I'm feeling bullish today. DXY is gonna smash through 100 easy! 💥