US Dollar Index Price Analysis: Extra gains in the pipeline

• DXY trades in new multi-day highs in the 92.70/75 band.
• Immediate target emerges at 93.18, pre-Jackson Hole top.

DXY remains well bid and posts gains for the third consecutive session so far on Wednesday.

The current recovery seems to have further legs to go and is expected to test the minor hurdle at the 20-day SMA (92.76) in the very near term. Further up comes the round level at 93.00 the figure ahead of the pre-Jackson Hole peak at 93.18.

In the meantime, and looking at the broader scenario, the constructive stance on the dollar is seen unchanged while bove the 200-day SMA, today at 91.34.

DXY daily chart