US Dollar Index Technical Analysis: The outlook on the greenback remains constructive above the 200-day SMA

• DXY is extending the weekly correction higher, regaining at the same time the critical barrier at 97.00 the figure and beyond.
• Immediately to the upside emerges monthly peaks near 97.60 ahead of June tops around 97.80.
• In the broader picture, while above the 200-day SMA at 97.78 and the multi-month support line at 97.90, the positive bias remains unchanged.

DXY daily chart