US Dollar Index Technical Analysis: The greenback appears well contained in the 97.00 area

• DXY is struggling for direction during the first half of the week, although yesterday’s bearish move was well supported (and rejected) around the 97.00 handle.
• In case the selling pressure returns to the markets, the 97.00 neighbourhood should hold the initial test ahead of the 100-day SMA at 96.72.
• On the broader picture, the constructive bias should prevail while above the critical 200-day SMA at 96.30 and the +3-month support line at 96.39.

DXY daily chart