US Dollar Index Technical Analysis: needs to regain the 200-day SMA to reassert the upside bias

• The recent breakdown of the critical 200-day SMA has opened the door for a potential deeper pullback.
• If this breach is sustainable, then the outlook on the buck should shift to bearish (from constructive) and the next target should emerge at the monthly low at 97.14 (October 18) ahead of the 97.00 neighbourhood.
• Above the 200-day SMA, the next target of relevance is this week’s high at the 98.00 level.

DXY daily chart