USD Index Price Analysis: Extra gains need to surpass 105.15
- DXY fades the earlier bull run to the boundaries of 105.00.
- Immediately to the upside emerges the monthly high at 105.15.

DXY gives away initial gains and now recedes to the 104.60 region on Wednesday.
The continuation of the multi-week rally appears well and sound and a breakout of 105.00 should encourages the index to retest the September top of 105.15 (September 7) prior to the 2023 peak of 105.88 (March 8).
While above the key 200-day SMA, today at 103.02, the outlook for the index is expected to remain constructive.
DXY daily chart
Author

Pablo Piovano
FXStreet
Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.


















