US Dollar Index Technical Analysis: Increasing risks of a drop to the 200-day SMA at 97.37

• The index remains well under pressure and it has extended the bearish move to the 97.50 region, or fresh 2-month lows, where some initial support just turned up.
• Further selling impetus should motivate DXY to challenge the key 200-day SMA at 97.37.
• A clear breakdown of this support area should accelerate the down move to the August’s low at levels just above 97.00 the figure.

DXY daily chart