US Dollar Index Technical Analysis: Rising odds for extra upside. Next target emerges at 97.80

• The index continues its march north unabated so far today, extending last week’s break above the 200-day SMA.
• Immediately to the upside comes in June’s peak at 97.80 ahead of 97.87, a Fibo retracement from the 2017-2018 drop.
• Looking at the broader picture, the constructive view on DXY remains intact while above the 200-day SMA at 96.68 and the multi-month support line at 96.89.

DXY daily chart