Dollar Index Technical Analysis: Dollar on the rise for Monday, DXY testing over 97.00

• Early Monday action is seeing a continued rise in the US Dollar Index, lifting into the 97.00 major technical level during the Asian market session. 
• With volumes on the thin side for the initial Monday markets, the DXY could struggle to stake a serious claim on 97.00 without help from the upcoming European market open.

DXY Chart, 5-Minute

• Caution signs are getting thrown up on higher timeframes, with current price action running into a challenging zone, a key round figure and the 61.8% Fibonacci retracement level from the last two week's high-low.

DXY Chart, 30-Minute

• The bullish technical stance continues on 4-Hour candles, and the past two months see the DXY getting bolstered by a clean rising trendline, while a 100.0% Fibonacci expansion level rests at the nearest round figure of 98.00, providing a handy target for long positions to aim at.

DXY Chart, 4-Hour