US Dollar Index Technical Analysis: Upside momentum now targets the 97.40 region

• The index keeps pushing higher in the second half of the week and is now flirting with the critical hurdle at 97.00 the figure.
• DXY has already left behind previous tops in the 96.80 region and in doing so has now re-shifted its aim to 97.37, mid-February highs ahead of yearly peaks at 97.71.
• Looking at the broader picture, the constructive bias remains unchanged while above the key 200-day SMA at 95.89. This area of support is reinforced by recent lows at 95.74.

DXY daily chart