US Dollar Index Price Analysis: A test of 93.00 looms closer

• DXY tested the area of highs in the 92.80 region .
• Further upside should test the round level at 93.00.

DXY corrects lower following recent tops in the 92.80/85 band earlier on Wednesday.

In spite of the current knee-jerk, the prospects for the dollar fall on the positive side. Hence, further gains remain well on the cards and the surpass of monthly tops around 92.85 should pave the way for a quick move to 93.00 ahead of the so far 2021 highs near 93.50 recorded in late March.

In the meantime, and looking at the broader scenario, the constructive stance on the dollar is expected to remain unchanged as long as the index trades above the 200-day SMA, today at 91.38.

DXY daily chart