USD Index Price Analysis: Initial up barrier emerges around 105.00
- The index keeps the erratic weekly performance unchanged.
- Extra gains are seen on a breakout of the 105.00 region.
DXY resumes the uptrend and appears en route to test the key resistance area around 105.00 on Thursday.
The index keeps the consolidative mood in place for the time being, although the surpass of the 105.00 neighbourhood could open the door to extra gains in the near term.
Immediately above comes the key 200-day SMA at 106.28. A move above this zone should shift the outlook to constructive and thus allow for further advances.