- DXY is struggling for direction during the first half of the week, although yesterday’s bearish move was well supported (and rejected) around the 97.00 handle.
- In case the selling pressure returns to the markets, the 97.00 neighbourhood should hold the initial test ahead of the 100-day SMA at 96.72.
- On the broader picture, the constructive bias should prevail while above the critical 200-day SMA at 96.30 and the +3-month support line at 96.39.
DXY daily chart
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