- The greenback is extending the weekly recovery for another session, managing to reclaim the 98.00 mark and above, clinching at the same time fresh multi-day highs.
- Directly above emerges April’s highs around 98.30, considered the last defence for a visit to YTD peaks near 98.40 recorded earlier this month.
- Looking at the broader picture, the constructive stance on DXY remains unchanged while above the key 200-day SMA at 96.43 and the 8-month support line at 96.33.
DXY daily chart
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