US Dollar Index Technical Analysis: Correction lower could extend to the 21-day SMA at 96.84

• The greenback, tracked by the DXY, is struggling for direction in the first half of the week and is flirting with the key support at 97.00 the figure.
• Despite the down move is seen as corrective only, it carries the potential to extend to the 21-day SMA, today at 96.84, ahead of the 96.60 zone, where coincide the 55-day and 100-day SMAs.
• In the meantime, the outlook on the index remains positive above the key 200-day SMA, today at 95.99.

DXY daily chart