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  • The greenback is attempting to recover ground lost as of late amidst a broader sideline theme supported so far by the 21-day SMA in the 97.40 region.
  • Immediate to the downside emerges the 55-day SMA, which is expected to hold the initial test ahead of April low at 96.75.
  • In the meantime, the constructive outlook stays unchnaged while above the critical 200-day SMA at 96.22.

DXY daily chart