US Dollar Index Technical Analysis: The leg lower met support near 96.80, where sits the 21-day SMA

• DXY is prolonging the weekly leg lower today, gyrating around the 97.00 handle after meeting contention near the 21-day SMA at 96.84 on Tuesday.
• Despite the down move is seen as corrective only, it carries the potential to visit once again the 96.80 region, ahead of the 96.60 zone, where coincide the 55-day and 100-day SMAs.
• In the meantime, the outlook on the index remains positive above the key 200-day SMA, today at 96.00.

DXY daily chart