US Dollar Index Technical Analysis: Decent contention seen at 200-day SMA and support line

• DXY met strong contention in the mid-96.00s so far, where aligns the 200-day SMA and the multi-month support line at 96.52.
• Above this area of support the constructive outlook on the buck is expected to remain unchanged, leaving on the cards potential bullish attempts in the near term.
• The next hurdle of significance comes at the 100-day SMA just below 97.00 the figure followed by early June tops near 97.40.

DXY daily chart