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  • The index is prolonging the positive note at the end of the week and already trades at shouting distance from May tops in the boundaries of 98.40.
  • Further upside should see YTD tops in levels just below the 99.00 mark re-tested in the near term.
  • While above the short-term support line off June’s low (95.84), today at 97.22, the upside momentum in the buck looks well sustained.

DXY daily chart