US Dollar Index Technical Analysis: Upside momentum now targets the 100-day SMA above 97.00

• The index moved to multi-day highs near 96.90 during early trade, although it lost some traction soon afterwards.
• The greenback has regained the positive outlook after retaking the 200-day SMA and the multi-month resistance line in the 96.60 region.
• Immediately above emerges the 100-day SMA at 97.08 ahead of the 55-day SMA in the 97.30 region, considered interim hurdles and the last defence of a test of June tops near 97.80

DXY daily chart