US Dollar Index Technical Analysis: Initial resistance comes at/above the 97.00 handle

• DXY has managed to regain some shine and clinch the upper end of the weekly range near the 97.00 handle, although a break above this level on a sustainable way is needed to aim for higher ground.
• On the downside, the mid-96.00s is expected to hold the downside. In this zone converge the key 200-day SMA and the multi-month support line.
• Beyond 97.00, extra hurdles are seen at last week’s tops near 97.40 ahead of the 55-day SMA at 97.42.

DXY daily chart