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  • The weekly recovery in DXY met strong hurdle in the 97.80 region so far.
  • However, the Greenback has managed to leave behind the critical 200-day SMA in the 97.40 region, reinstalling the positive outlook in the near/medium term.
  • In this case, the next target of significance should emerge at the 55-day SMA at 98.34 ahead of 99.25 (October 8th).

DXY daily chart