USD Index Price Analysis: Further gains target the 2023 peak

-  DXY climbs to three-week highs near 106.90 on Thursday.

-  Bulls could now see the YTD high near 107.30 revisited.


DXY climbs further and reaches new multi-week tops in the 106.85/90 band on Thursday.

If the index breaks above the ongoing consolidative theme it could initially target the round level of 107.00 prior to the 2023 high of 107.34 (October 3).

So far, while above the key 200-day SMA, today at 103.37, the outlook for the index is expected to remain constructive.

DXY daily chart

 

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