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- DXY is extending the consolidative theme above the 98.00 handle following another interest rate cut at the FOMC meeting on Wednesday.
- The immediate bullish view stays uncompromised for the time being, sustained by the 55-day SMA at 97.89 and Friday’s low at 97.86 .
- If the recovery gathers traction, the index should then target last week’s peak at 99.10.
DXY daily chart