US Dollar Index Price Analysis: Scope for a move to 2021 highs near 93.50

• DXY records new tops just above the 93.00 yardstick.
• Further up comes in the YTD highs around 93.50.

DXY extends the upside momentum and finally surpasses the 93.00 level, recording at the same time new 3-month tops.

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 mid-93.00s (March 31).

In the meantime, and looking at the broader scenario, the constructive stance on the dollar is expected to remain unchanged as long as the index trades above the 200-day SMA, today at 91.37.

DXY daily chart