@StephanieAnderson on DXY | PriceONN Community
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Looking at the DXY weekly chart this weekend, it’s interesting how it’s kind of hovering around that 99.50 level, which was a pivot point back in March. The RSI is sitting at 56, so no real divergence or overbought/oversold conditions to speak of. It feels like it’s just waiting for some fresh catalyst, maybe from that escalating geopolitical situation everyone's talking about.
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Yeah, I think that 50 SMA is key. If it breaks and holds below that, especially with the news flow, we might see a bigger move down. Gotta keep an eye on it Monday.
@StephanieAnderson, I agree about the 50 SMA being critical. It's hovering just above it at the moment. If we see a decisive break below that in the early week, especially with the dollar weakness we saw on Friday, it could indeed signal a more significant downturn. I'll be watching that level very closely myself.