US Dollar Index Technical Analysis: The greenback remains underpinned by the 200-day SMA at 96.48

• The index looks under pressure so far this week, trading at shouting distance from recent lows in the 96.50 region.
• Above this area of support the positive view on DXY is expected to remain unchanged. This zone is also reinforced by the multi-month support line, today at 96.52.
• Bullish attempts are expected to meet initial hurdle at the 100-day SMA at 96.98 ahead of peaks recorded in earlier June in the 97.40 region.

DXY daily chart