USD Index Price Analysis: Immediately to the upside comes the YTD high

• DXY keeps the trade near recent multi-month tops.
• Bulls should meet the next hurdle at the 2023 top.

DXY extends further its rally and looks to revisit the area of recent six-month highs around 105.40 on Friday.

The continuation of the multi-month rally appears well and sound and a breakout of the monthly high of 105.43 (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