The U.S. Dollar Index ($DXY) has shown significant strength, recently breaking above the 104 mark and extending a four-week rally. As of October 23, 2024, the index reached a high of 104.1, indicating a robust rebound from the 100 level. Analysts note that the relative strength index (RSI) is approaching overextended territory, suggesting a potential pullback could occur before the upcoming U.S. elections on November 5. The index's upward movement has been characterized as unstoppable, with various traders expressing optimism about its trajectory.