US Dollar Index Technical Analysis: Remains depressed and could visit the 97.00 area

• DXY broke below the 200-day SMA and accelerated the downside.
• The 97.00 area now emerges on the horizon.

The index remains under heavy downside pressure so far this week.

The recent breakdown of the key 200-day SMA in the 97.60/65 band has opened the door for a deeper retracement to, initially, October and November peaks in the low-97.00s ahead of 97.03 (August low).

Occasional bullish attempts should meet minor hurdle at the 98.13/18 band, where coincide the 100-day and 55-day SMAs.