US Dollar Index Technical Analysis: Interim hurdle aligns at 10-day SMA at 97.96

• The index is extending the rebound from recent lows in the 97.20 region and is now flirting with a Fibo retracement of the 2017-2018 drop just below 97.90.
• Immediately on the upside emerges the next barrier at 98.37 (high May 23) ahead of YTD peaks in levels just below the 99.00 handle recorded on August 1.
• In the broader picture, the constructive stance on DXY remains intact as long as the critical 200-day SMA at 96.92 underpins.

DXY daily chart