USD Index Price Analysis: Next on the upside comes the 2023 peak

DXY accelerates the upside past the 105.00 mark on Friday.
The next target of note comes at the 2023 high near 105.60.

Pablo Piovano FXStreet

DXY extends the upside momentum further north of the 105.00 barrier at the end of the week.

The ongoing price action favours the continuation of the uptrend for the time being. That said, the dollar could now challenge the 2023 top at 105.63 (January 6) in the near term ahead of the key 200-day SMA, today at 106.46.

In the longer run, the outlook for the index remains negative while below the 200-day SMA.

DXY daily chart

Dollar Index Spot

Overview
Today last price	104.93
Today Daily Change	71
Today Daily Change %	0.32
Today daily open	104.6

Trends
Daily SMA20	103.25
Daily SMA50	103.32
Daily SMA100	105.3
Daily SMA200	106.81

Levels
Previous Daily High	104.78
Previous Daily Low	104.31
Previous Weekly High	104.68
Previous Weekly Low	102.54
Previous Monthly High	105.63
Previous Monthly Low	101.5
Daily Fibonacci 38.2%	104.6
Daily Fibonacci 61.8%	104.49
Daily Pivot Point S1	104.35
Daily Pivot Point S2	104.09
Daily Pivot Point S3	103.87
Daily Pivot Point R1	104.82
Daily Pivot Point R2	105.04
Daily Pivot Point R3	105.3

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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