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  • DXY is prolonging the upside momentum this week, trading in the upper end of the recent range and close to yesterday’s YTD highs near 97.80.
  • The upbeat note around the buck stays well and sound and the index is now targeting 97.87, June 2017 highs.
  • Looking at the broader scenario, the constructive outlook in the greenback is expected to prevail while above the critical 200-day SMA at 96.10.

DXY daily chart