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  • The bearish sentiment remains intact around the Greenback, forcing DXY to break below the key support at 99.00 the figure.
  • A negative surprise at today’s Payrolls could spark further weakness towards, initially, the 21-day SMA at 98.64. This area of contention matches weekly lows recorded on Thursday.
  • In the meantime, while above the 55-day SMA at 98.26, the likeliness of a recovery to 99.00 and above remains well on the cards.

DXY daily chart