US Dollar Index Technical Analysis: Rebound from 200-day SMA now targets 97.50

• After another test of the key 200-day SMA at 96.80, DXY has managed to regain some composure and has set sails for the 97.00 barrier and beyond.
• Interim hurdles emerge at the 100-day SMA at 97.16 ahaed of the 55-day SMA at 97.20.
• Further up aligns last week’s tops in the vicinity of 97.50 ahead of June peaks at 97.80.

DXY daily chart