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  • The index is prolonging the sideline theme in the upper bound of the weekly range despite Thursday pullback.
  • The area in the mid-98.00s, or recent peaks, has emerged as quite a significant barrier for extra gains. This hurdle is also reinforced by the proximity of the key 55-day SMA, today at 98.29.
  • In order to allow for extra gains, DXY needs to overcome this region in the near term. Immediately to the upside emerges the 99.00 neighbourhood ahead of 99.25 (October 8th peak).

DXY daily chart