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  • Renewed and strong buying pressure has emerged today and is pushing DXY back to the 96.80 region, or multi-day highs.
  • Immediately above aligns the critical barrier at 97.00 the figure ahead of mid-February peaks near 97.40. A surpass of this region should put 2019 highs around 97.70 back on the radar.
  • On the broader picture, the positive stance on the buck appears intact while above the 200-day SMA, today at 95.86.

DXY daily chart