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  • DXY keeps pushing higher and is now navigating the area of new 2019 highs in the mid-99.00s.
  • The continuation of the buying pressure in the buck should see the May 2017 high at 99.89 re-tested ahead of a visit to the psychological handle at 100.00.
  • The immediate bullish view in the index is expected to remain unchanged while above the key 55-day SMA, today at 98.16.

DXY daily chart