• DXY extends the upside above the 100.00 yardstick.
• Further gains now target the 100.55 level (May 14 2020).

DXY keeps pushing higher, this time leaving behind the key barrier at the 100.00 mark on Tuesday.

Price action around the index continues to suggest further upside in the very near term. That said, the next hurdle of note now emerges at the May 2020 high at 100.55 (May 14) followed by 100.86 (high April 24 2020).

The current bullish stance in the index remains supported by the 6-month line near 96.40, while the longer-term outlook for the dollar is seen constructive while above the 200-day SMA at 95.13.

DXY daily chart