US Dollar Index Technical Analysis: The greenback now targets 97.37 ahead of YTD highs at 97.71

• The greenback is extending the upside and is already flirting with the critical 97.00 handle.
• DXY has surpassed recent highs in the 96.80 region and has now set sales for a test of February high at 97.37 ahead of 2019 peaks in the 97.70/75 band.
• Looking at the broader picture, the constructive bias remains unchanged while above the key 200-day SMA at 95.88. This area of support is reinforced by recent lows at 95.74.

DXY daily chart