US Dollar Index Technical Analysis: The 55-day SMA near 97.00 offers initial contention

• The index has started the week on a positive footing as concerns over the US-China trade spat remain far from abated for the time being.
• In case sellers regain the upper hand, initial contention emerges at recent lows around 97.15. This area of support appears reinforced by the 55-day SMA at 97.08.
• On the broader picture, the constructive bias should prevail while above the critical 200-day SMA at 96.29.

DXY daily chart