US Dollar Index Price Analysis: Rally faces interim hurdle around 94.80

• DXY looks to consolidate above the 94.00 yardstick on Thursday.
• Next on the upside emerges the resistance line near 94.80.

The positive note in the dollar stays unabated on Thursday and pushes DXY to fresh 2-month peaks above 94.50 on Thursday.

The continuation of this trend is expected to target the 6-month resistance line in the 94.80 region ahead of other minor hurdles at the 100-day SMA (95.59) and a Fibo level at 96.03.

The bearish view on DXY is seen unchanged while below the 200-day SMA, today at 97.12.

DXY daily chart