US Dollar Index Technical Analysis: Recovery expected to continue above the support line at 97.36

• The index remains within a rangebound pattern in the 97.50/60 region so far this week.
• As long as the immediate support line - today at 97.36 - holds the downside, there is still scope for another test of the 98.00 barrier and above.
• This significant area of contention is also reinforced by the 55-day, 100-day SMAs and recent lows in the 97.20 region.

DXY daily chart