• DXY extends the bounce off the 93.70 region on Wednesday.
  • Bets for a test of the YTD peaks around 94.50 keep raising.

DXY advances for the second session in a row and trades closer to the 2021 highs in the mid-94.00s on Wednesday.

The surpass of recent highs should pave the way for an advance to the September 2020 high at 94.74 ahead of the round level at 95.00.

Looking at the broader picture, the constructive stance on the index is seen unchanged above the 200-day SMA at 91.63.

DXY daily

Source