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  • The decline in the greenback appears to have met decent support in the mid-97.00s for the time being, coincident with early April highs.
  • Further south emerges the 21-day SMA at 97.36, which should hold occasional bearish attempt ahead of later April low at 97.26.
  • In the meantime, while above the critical 200-day SMA at 96.17 the outlook on DXY should remain constructive.

DXY daily chart