US Dollar Index Technical Analysis: The short-term support line holds the downside so far

• DXY managed to leave the area of Friday’s lows in the 97.20 and it has regained the 98.00 neighbourhood on positive (ephemeral?) headlines on the US-China trade conflict.
• The next target to the upside emerges at last week’s peak near 98.50. A clear of this area on a sustainable fashion should pave the way for a potential visit to 2019 tops in levels just shy of 99.00 the figure.
• In the short-term horizon, further upside is on the cards while above the immediate support line (off June’s low), today at 97.73.

DXY daily chart