US Dollar Index Technical Analysis: Interim target emerges near 97.60, monthly peaks

• DXY is adding to Friday’s gains above the key 97.00 mark, although the 55-day SMA at 97.19 has been offering tough resistance.
• Extra buying impulse should lift the index to the interim target at last week’s highs beyond 97.40 ahead of monthly tops in the vicinity of 97.60.
• Above the critical 200-day SMA at 96.82, the constructive outlook on the buck should stay unchanged.

DXY daily chart