USD Index Price Analysis: Initial support emerges around 105.30

• DXY rebounds sharply and regains the 106.00 zone.
• Further up comes the next up-barrier near 106.80.

DXY regains composure and reclaims the area past the 106.00 hurdle on Tuesday

It seems the index keeps trading within 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 103.32, the outlook for the index is expected to remain constructive.

DXY daily chart