US Dollar Index Price Analysis: Next level of note comes at 97.80

• DXY records a new 2021 high at 95.26 on Friday.
• Next on the upside is seen the 97.80 level (June 30 2020 high).

DXY extends the rally for yet another session and clinches fresh YTD tops in the 95.25/30 band  at the end of the week.

Both the macro and the technical outlooks favour extra gains in the dollar for the time being. That said, while above former tops in the mid-94.00s (October 12) the index is expected to edge higher to, initially, the round levels at 96.00 and 97.00, while a more significant level is located at the June 30 2020 at 97.80.

Looking at the broader picture, the constructive stance on the index is seen intact above the 200-day SMA at 92.13.

DXY daily chart