US Dollar Index Technical Analysis: Looks consolidative ahead of further gains

• The upside momentum in DXY stalled just ahead of the 98.50 region.
• Some near-term consolidation appears likely around current levels.

DXY still remains unable to surpass the tough barrier in the mid-98.00s.

If the index breaks above the key 98.50 zone, then the next significant hurdle should emerge at the 99.00 neighbourhood ahead of 99.25 (high October 8^th).

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