US Dollar Index Technical Analysis: initial hurdle remains at 98.00

• The upside in the index met a tough barrier in the 98.00 neighbourhood for the time being, or monthly highs.
• In the meantime, the positive view on DXY remains unchanged while above the critical 200-day SMA, today at 97.48.
• That said, further gains should now initially target the 55-day SMA at 98.27 ahead of 99.25 (high October 8^th).

DXY daily chart