USD Index Price Analysis: Further upside targets the 2023 peak

DXY climbs to fresh highs near 105.30 on Thursday.
The continuation of the upward bias now looks at the 2023 top.

Pablo Piovano FXStreet

DXY adds to Wednesday’s advance and clinch new six-month tops north of 105.00 the figure on Thursday.

The continuation of the multi-week rally appears well and sound and a breakout of the monthly high of 105.28 (September 14) should encourages the index to retest the 2023 peak of 105.88 (March 8), just before the round level of 106.00.

While above the key 200-day SMA, today at 103.02, the outlook for the index is expected to remain constructive.

DXY daily chart

Dollar Index Spot

Overview
Today last price	105.17
Today Daily Change	72
Today Daily Change %	0.37
Today daily open	104.78

Trends
Daily SMA20	104.08
Daily SMA50	102.67
Daily SMA100	102.78
Daily SMA200	103.03

Levels
Previous Daily High	104.98
Previous Daily Low	104.51
Previous Weekly High	105.16
Previous Weekly Low	104.02
Previous Monthly High	104.44
Previous Monthly Low	101.74
Daily Fibonacci 38.2%	104.8
Daily Fibonacci 61.8%	104.69
Daily Pivot Point S1	104.53
Daily Pivot Point S2	104.29
Daily Pivot Point S3	104.06
Daily Pivot Point R1	105
Daily Pivot Point R2	105.23
Daily Pivot Point R3	105.47

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.

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