USD Index Price Analysis: Looks consolidative for the time being

• DXY extends the choppy performance so far this week on Thursday.
• Immediately to the upside emerges the 2023 top near 107.30.

DXY fades Wednesday’s uptick and trades with decent losses in the low-106.00s so far on Thursday.

It seems the index has moved into a consolidative phase for the time being. Occasional bullish attempts, in the meantime, continue to target the weekly high of 106.78 (October 12) prior to the 2023 top of 107.34 (October 3).

So far, while above the key 200-day SMA, today at 103.27, the outlook for the index is expected to remain constructive.

DXY daily chart