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  • The index is flirting with the 10-day SMA in the 97.80/85 band, or new 2-day peaks.
  • DXY faces immediate hurdle at the 98.00 milestone. A surpass of this level should pave the way for another test of yearly highs in the 98.35/40 band.
  • In the meantime, the positive outlook on the greenback is expected to hold while above the key 200-day SMA at 96.42 and the medium-term support line at 96.40.

DXY daily chart