USD Index Price Analysis: Further up aligns the 200-day SMA
|- DXY advances to new monthly peaks past the 104.00 yardstick.
- The continuation of the upside could revisit the 200-day SMA.
DXY clinches fresh tops in levels last seen in mid-March past the 104.00 hurdle on Thursday.
Further upside appears on the cards in the near term. That said, the next resistance level of note is expected at the key 200-day SMA, today at 105.71, prior to the 2023 peak of 105.88 (March 8).
Looking at the broader picture, while below the 200-day SMA the outlook for the index is expected to remain negative.
DXY daily chart
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