US Dollar Index Price Analysis: Room for another visit to 94.50

• DXY fades the recent weakness and moves to 94.30.
• Another test of the 2021 highs remains on the table.

DXY resumes the upside following two consecutive sessions with losses on Monday.

The ongoing price action allows the index to attempt a move to YTD highs around 94.50 in the short-term horizon ahead of September 2020 high at 94.74 and the 200-week SMA, today at 94.76. Further north should come the round level at 95.00, also in the not-so-distant future.

Looking at the broader picture, the constructive stance on the index is seen unchanged above the 200-day SMA at 91.70.

DXY daily chart