US Dollar Index Technical Analysis: Remains near term corrective. Still targets 97.71

• The greenback clinched fresh 4-week highs around 97.50, although the lack of follow through and a pick up in the risk-on sentiment triggered the ongoing corrective move.
• Immediate target on the upside remains the 97.70 region, where sits the 2019 high ahead of 97.87, June 2017 peaks.
• This correction lower, however, is seen as temporary only and another visit to 2019 highs in the 97.70/75 band remains on the cards while above the key 200-day SMA at 95.94.

DXY daily chart