US Dollar Index Technical Analysis: Downside halted at the 200-day SMA in the 96.70 region

• DXY is bouncing off last week’s lows in the 96.70 region, where sits the critical 200-day SMA. This zone is also reinforced by the support line off September 2018 lows.
• A breakdown of this key contention area should open the door for a new visit of 96.46, low June 7.
• Occasional bullish attempts need to surpass last week’s highs near 97.60 in order to allow for extra gains.

DXY daily chart