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.

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