US Dollar RSI buy / sell indicator

Jul 30, 2022

The idea is to use RSI indicator to find levels of support and or resistance. Historical analysis shows highest levels as being 80.86 and 88.84. The lowest level is 24.6. Inbetween these extremes are a number of key levels. Right in the middle 54.05 seems to be a crucial level that is touched multiple times. It does not always offer support or resistance so it is not necessarily the level that is most important it just seems to be a midway point. Key levels I will be watching are 68.82 , 63.61, 54.05, 45.30, 32.70. The idea is to follow the flow. If it peaks and then begins a downtrend then I will go short USDollar as it breaks down through the key levels I have identified. Otherwise the plan is to stay long USDollar assets.