US Dollar Index Technical Analysis: A new visit to 98.00 and above remains on the cards

• DXY is up for the second session in a row today, looking to regain the area of last week’s tops around 97.80/90.
• This area of initial resistance is reinforced by a Fibo retracement of the 2017-2018 drop at 97.87 ahead of 2019 high at 98.93 (August 1).
• In the meantime, the critical 200-day SMA at 96.94 continues to hold the downside and sustains the constructive outlook while above it.

DXY daily chart