US Dollar Index Price Analysis: A move to 94.00 is not ruled out

• DXY clinched new 2021 highs around 92.50 earlier in the session.
• The next target now comes in at the 94.00 round level.

Following the inconclusive price action on Wednesday, DXY manages to resume the upside and visit the 93.50 region on Thursday.

Further upside could now face some headwinds, as the overbought territory is closer (as per the daily RSI) and the dollar might need some fresh oxygen from the QE tapering front (probably at Jackson Hole).

In the meantime, and looking at the broader scenario, the positive stance on the dollar is expected to remain unchanged as long as the index trades above the 200-day SMA, today at 91.30.

DXY daily chart