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  • The index quickly left   behind the 98.00 barrier on Wednesday and advanced to fresh 2019 highs near 98.20, where it seems to have met some interim resistance.
  • Souring sentiment in the risk-associated space plus solid US fundamentals continue to lend wings to the buck, which is now targeting the mid-100.00s, where emerges a Fibo retracement of the 2017-2018 drown move.
  • Looking at the broader scenario, the constructive outlook in the greenback is expected to prevail while above the critical 200-day SMA at 96.11.

DXY daily chart