USD Index Price Analysis: Focus is back on the 105.00 hurdle

• DXY leaves behind Monday’s pullback to the 104.50/40 band.
• Further recovery shifts the attention to the 105.00 hurdle.

DXY sets aside Monday’s bearish performance and looks to revisit the key 105.00 zone on Tuesday.

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