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  • DXY is now trading within a sideline theme around the 21-day and 100-day SMAs in the 96.50/60 band.
  • The greenback needs to overcome last week’s tops at 96.80 to allow for further upside to, initially, February high at 97.37.
  • Looking at the broader picture, the constructive bias remains unchanged while above the key 200-day SMA at 95.87. This area of support is reinforced by March 20 low at 95.74.

DXY daily chart