US Dollar Index Technical Analysis: Extra recovery now targets the 97.00 handle

• Renewed and strong buying pressure has emerged today and is pushing DXY back to the 96.80 region, or multi-day highs.
• Immediately above aligns the critical barrier at 97.00 the figure ahead of mid-February peaks near 97.40. A surpass of this region should put 2019 highs around 97.70 back on the radar.
• On the broader picture, the positive stance on the buck appears intact while above the 200-day SMA, today at 95.86.

DXY daily chart