US Dollar Index Technical Analysis: Another test of 97.00 is on the cards above 95.86

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  • The index is adding to recent gains above the key 96.00 handle, navigating the 96.60 zone of congestion where converge the 10-say, 21-day and 100-day SMAs.
  • While above the critical 200-day SMA at 95.86, a new visit to the 97.00 neighbourhood remains well on the cards.
  • Further up aligns mid-February peaks near 97.40 ahead of 2019 highs in the 97.70/75 band.

DXY daily chart

 

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