US Dollar Index Technical Analysis: Downside halted at 96.75. Still looks constructive above the 200-day SMA

• The sharp sell-off in the buck stalled at (and rebounded from) 96.75 on Wednesday, coincident with April 12 low.
• Looking up, the next hurdle emerges at the 97.62/66 band, where converge the 10-day and 21-day SMAs. Above this region, the index should regain upside traction.
• In the meantime, the constructive outlook on DXY is seen unchanged above the key 200-day SMA and the 8-month support line around 96.45.

DXY daily chart