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DXY Closing in on 92.00 as Yields Advance
March, as you can see, remains toying with the upper side of 1.1857/1.1352 demand, with the month lower by 1.3 percent. Price action traders will have noted the demand test, likely viewing this as a bullish signal. A decisive rebound from the aforesaid demand shifts attention back to the possibility of fresh 2021 peaks and a test of ascending resistance (prior support – 1.1641). In terms of trend, the primary uptrend has been in play since price broke the 1.1714 high (Aug 2015) in July 2017. Daily timeframe: The dollar climbed Thursday amid higher US Treasury yields—benchmark 10-year US Treasury yield clocked ... (full story)