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  • DXY is losing the grip below the 98.00 handle today, exposing further downside in the near term.
  • The 10-day SMA at 97.66 and the 21-day SMA at 97.36 should offer contention in case the selling pressure picks up pace in the next sessions.
  • On the broader picture, the key 200-day SMA at 96.16 continues to bolster the constructive outlook in the buck.

DXY daily chart