US Dollar Index Price Analysis: Extra gains seen above 96.50

• DXY gathers extra steam and clinches tops around 96.30.
• The YTD peak at 96.46 emerges as the next key target.

DXY extends Monday’s upbeat tone and advances to multi-day tops in the vicinity of the 96.30 level on Tuesday.

The intense upside in the dollar has recently surpassed the 4-month line, today near 95.40, allowing for the continuation of the rebound in the short-term horizon. That said, the door now remains open to a potential assault of the so far 2022 top at 96.46 (January 4).

Looking at the broader picture, the longer-term positive stance in the dollar remains unchanged above the 200-day SMA at 93.26.

DXY daily chart