US Dollar Index Price Analysis: Extra upside seems likely

• DXY reaches new cycle highs past the 96.00 yardstick.
• Next on the upside is seen the round level at 97.00.

DXY pushes higher and surpassed the 96.00 barrier to record new 16-month highs on Wednesday.

If the buying interest picks up extra impulse and the index leaves behind recent tops, then the next hurdle is seen at the round level at 97.00 the figure before 97.80 (high June 30 2020).

Looking at the broader picture, the constructive stance on the index is seen intact above the 200-day SMA at 92.21.

DXY daily chart