• The US Dollar is resurging and has been taken back into the control of the bulls.
• US Dollar bulls target 105.35 and 106.00 thereafter.

The US Dollar is trading in confluence to the persistent inflationary theme since data over the last several days has turned the screw and flipped the script with regard to the timings of a Federal Reserve pivot.  

Higher Treasury yields and a projected 5.3% terminal Fed funds rate have seen a resurgence in the US Dollar index, DXY. This index measures the greenback vs. a basket of currencies as the following technical analysis will illustrate that is leaning with a bullish bias:

Taking into consideration the fundamentals as outlined above, has the US Dollar got room to go on the upside until any major-looking resistance is seen?