• The index extends the corrective upside beyond 102.00.
• The breakout of the 102.90 region could lend extra legs to the index.

DXY advances for the fourth consecutive session well north of the 102.00 hurdle on Tuesday.

Further recovery faces the immediate hurdle at the 3-month resistance line around 102.90. If the index manages to clear this region it could accelerate gains to the provisional 55-day SMA at 104.22.

Below this line, the dollar is expected to keep the short-term bearish bias unchanged.

In the longer run, while below the 200-day SMA at 106.47, the outlook for the index remains negative.

DXY daily chart