US Dollar Index Technical Analysis: the greenback rebounds from the 200-day SMA near 96.50

• The sharp sell-off in the greenback dragged the index to the 96.50 region, fresh 3-month lows and coincident with the critical 200-day SMA and support line.
• Immediate to the upside emerges the 100-day SMA at levels jusy shy of the 97.00 milestone ahead of last week’s tops in the 97.40 zone, where it also converge the 10-day and 55-day SMAs.
• The recent test and bounce off the critical support area in the mid-96.00s has proven vital to keep the constructive outlook on DXY alive.

DXY daily chart