US Dollar Index Technical Analysis: Further downside could see monthly lows near 97.00 re-tested

• The index has broken below the critical 200-day SMA once again today and remains under heavy downside pressure.
• If this breach is convincing then the outlook on the buck should shift to bearish (from constructive) and the next target should emerge at the monthly low at 97.14 (October 18).
• Further south emerges the August low at 97.03.

DXY daily chart