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  • DXY records 2-month highs beyond 92.00, retreats afterwards.
  • Next on the upside comes in a Fibo level near 92.50.

DXY advances above the 92.00 mark for the first time since April on Friday.

The improved sentiment in the dollar could now push the index to the next minor target at a Fibo level near 92.50. Further north, there are no relevant hurdles until the 2021 highs in the mid-93.00s recorded on March 31.

In the meantime, and looking at the broader scenario, a sustainable breakout of the 200-day SMA, today at 91.51, should shift the outlook for the buck to positive.

DXY daily chart