US Dollar Index Technical Analysis: Decent contention turned up in the 97.00 neighbourhood

• The index is attempting to leave behind the recent correction lower, rebounding from the solid support area around 97.00 the figure.
• The ongoing drop is viewed as corrective only while Immediate target on the upside remains at 2019 highs in the 97.70/75 band ahead of 97.87, June 2017 peaks.
• In the broader picture, the outlook on DXY remains constructive while above the key 200-day SMA, today at 95.90.

DXY daily chart