• DXY accelerates gains to multi-week highs past 104.80.
• Further gains could see the 105.00 barrier revisited.

DXY rapidly leaves behind Monday’s small downtick and resumes the uptrend to the area of 104.80, levels last seen in late March.

If bulls push harder, the index should shift its focus to the round level at 105.00 prior to the 2023 high at 105.88 (March 8).

While above the key 200-day SMA, today at 103.03, the outlook for the index is expected to remain constructive.

DXY daily chart