US Dollar Index Price Analysis: Another attempt to visit 93.00 looks likely

• DXY came under pressure near the 92.90 area.
• There is still scope for a move to 93.00 and above.

DXY sheds some ground after sellers returned to the markets ahead of the key 93.00 barrier.

Despite the current knee-jerk, further recovery remains on the cards in the very near term. If DXY clears the so far monthly tops at 92.86, then the 93.00 barrier should start to emerge on the horizon ahead of the pre-Jackson Hole peak at 93.18.

In the meantime, and looking at the broader scenario, the constructive stance on the dollar is seen unchanged while bove the 200-day SMA, today at 91.35.

DXY daily chart