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  • DXY is down for yet another session on Thursday, coming under renewed selling pressure following Tuesday’s YTD tops near 99.40.
  • The correction lower now carries the potential to extend further, in which case the next contention emerges at the 21-day SMA at 98.12.
  • In the meantime, the upside bias is expected to persist while the support line, today at 98.03, underpins.

DXY daily chart