US Dollar Index Technical Analysis: Regains the constructive bias above the 200-day SMA

• The weekly recovery in DXY met strong hurdle in the 97.80 region so far.
• However, the Greenback has managed to leave behind the critical 200-day SMA in the 97.40 region, reinstalling the positive outlook in the near/medium term.
• In this case, the next target of significance should emerge at the 55-day SMA at 98.34 ahead of 99.25 (October 8^th).

DXY daily chart