• DXY advances further and trespasses 105.00.
• The continuation of the march now targets the YTD highs.

DXY finally manages to surpass the key 105.00 hurdle, up for the third consecutive session on Thursday.

The continuation of the multi-week rally is now expected to shift its attention to the 2023 high of 105.88 (March 8) prior to the round level at 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