US Dollar Index Technical Analysis: Leg lower expected to hold on near 96.70

• DXY has started the week on a choppy fashion and it has now resumed the downside below the key support at 97.00 the figure.
• That said, the area of recent lows at 96.75 in combination with the 55-day SMA at 96.72 should hold the initial test.
• The current pullback is seen as corrective only, and the positive bias on the buck should remain unchanged while above the critical 200-day SMA, today at 96.07.

DXY daily chart