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  • DXY navigates the top end of the recent range around the critical barrier at 98.00 the figure.
  • If the bullish impetus accelerates, the next hurdle of note will be the 2019 high at 98.32 ahead of a Fibo retracement at levels just below 99.00 the figure.
  • The broader constructive outlook is expected to prevail above key 200-day SMA at 96.38, while extra gains remain on the cards while above the short-term support line, today at 97.26.

DXY daily chart