US Dollar Index Price Analysis: Now looks to retest 94.50

• DXY rebounds from the 93.70 area and retakes 94.00.
• Further north comes another visit to the 2021 highs.

DXY reverses the recent 3-session negative streak and reclaims the 94.00 neighbourhood on turnaround Tuesday.

If the buying pressure gathers extra impulse, then the index could well see the recent YTD highs around 94.50 retested in the short-term horizon.

Looking at the broader picture, the constructive stance on the index is seen unchanged above the 200-day SMA at 91.61.

DXY daily chart