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DXY seems to be holding its ground above the 20 SMA. Anyone else watching for a potential breakout past the 97.50 level? I'm thinking it might test the next resistance soon if the dollar keeps strengthening. What are your thoughts on the overall sentiment driving this?
Update: I'm also keeping an eye on bond yields. They seem to be correlated with the DXY's movement. If yields keep climbing, it could provide further support for the dollar. On the other hand, any dovish signals from the Fed might put a damper on this rally. Just a thought!
