US Dollar Index Technical Analysis: The 21-day SMA near 96.80 offers initial contention so far

• The index remains unable to gather some serious upside traction and continues in a downside-corrective mode for the time being.
• The weekly leg lower is expected to remain contained by the 96.80 region, where sits the 21-day SMA, ahead of the 96.60 zone, where coincide the 55-day and 100-day SMAs.
• Further out, the constructive view in DXY remains unchanged as long as the critical 200-day SMA, today at 96.02, underpins.

DXY daily chart