US Dollar Index Technical Analysis: Rising odds for a challenge of YTD highs near 97.70

• DXY remains firm and is looking to extend the ongoing rally after breaking above the critical barrier at 97.00 the figure earlier in the week.
• The continuation of the up move should see the greenback testing the 97.35/40 band, mid-February highs ahead of the key 97.70 region, where emerges the YTD highs.
• Looking at the broader picture, the constructive bias remains unchanged while above the key 200-day SMA at 95.91. This area of support is reinforced by recent lows at 95.74.

DXY daily chart