US Dollar Index Technical Analysis: Focus has now shifted to the 97.40 region

• The greenback is facing some difficulties just above the 97.00 milestone today.
• If the 97.00 level is cleared on a sustainable basis, the next hurdle of relevance should emerge in the 97.40 region, coincident with early June tops and the 55-day and 21-day SMAs.
• Looking at the broader picture, the 200-day SMA and the multi-month support line in the mid-96.00s should hold the downside and keep the constructive bias intact.

DXY daily chart