US Dollar Index Price Analysis: Room for extra upside near term

• DXY keeps business near recent tops around 93.00.
• Next on the upside comes in the YTD highs in the mid-93.00s.

DXY keeps pushing higher and looks to consolidate the recent breakout of the 93.00 mark to record new multi-month highs.

In light of the recent price action, further gains remain well on the cards with the immediate target now emerging at the 2021 peaks in the 93.50 zone (March 31).

In the meantime, and looking at the broader scenario, the positive stance on the dollar is expected to remain unchanged as long as the index trades above the 200-day SMA, today at 91.36.

DXY daily chart