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  • The index is pushing higher and is already flirting with recent tops above 99.00 the figure.
  • The continuation of the buying pressure in the buck should see the 2019 high near 99.40 re-tested in the near term. Further up is located 99.89, monthly high May 2017.
  • As long as the 55-day SMA just above 98.00 holds the downside, the near term constructive bias in DXY remains unchanged.

DXY daily chart