US Dollar Index Technical Analysis: Still rangebound. Further gains expected above 98.50

• DXY continues to trade within the prevailing sideline theme.
• Extra upside is seen once 98.50 is cleared on a sustainable fashion.

DXY has been rejected from the key resistance area near 98.50 during the last week.

A breakout of this key hurdle should expose the 99.00 neighbourhood ahead of 99.25 (high October 8^th).

Looking at the broader picture, the constructive outlook on the buck is seen unchanged as long as the key 200-day SMA in the 97.60 region underpins.