US Dollar Index Price Analysis: Interim hurdle lines up at 94.30

• DXY resumes the upside following Monday’s pullback.
• Next target for bulls comes at the 94.30 region.

The index trades on the positive territory and leaves behind the daily pullback recorded at the beginning of the week.

Further recovery is now predicted to challenge last week’s tops around 94.30. A move further north from there could pave the way for another visit to the 2021 high at 94.56 (October 12) in the relatively near term.

Looking at the broader picture, the constructive stance on DXY is seen unchanged above the 200-day SMA at 91.99.

DXY daily chart