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US Dollar Index Asia Price Forecast: Greenback regains the 100.00 mark, bullish

  • US Dollar Index (DXY) is nearing the May highs. 
  • The level to beat for bulls is the 110.40 resistance. 
 

DXY daily chart

 
The US Dollar Index (DXY) index is stabilizing around the 100.00 mark while trading above its main SMAs on the daily time-frame suggesting an overall upward bias.
 

DXY four-hour chart

 
DXY is en route towards the May highs near the 100.40 resistance while the market is trading above the main SMAs on the four-hour chart. A break above the level should lead to more advances with the 101.00 next on the bulls’radar. On the flip side, support is expected to hold near the 100.00 and the 99.60 levels.
  

Additional key levels

Dollar Index Spot

Overview
Today last price 100.26
Today Daily Change 0.26
Today Daily Change % 0.26
Today daily open 100
 
Trends
Daily SMA20 99.88
Daily SMA50 99.49
Daily SMA100 98.73
Daily SMA200 98.42
 
Levels
Previous Daily High 100.44
Previous Daily Low 99.65
Previous Weekly High 100.4
Previous Weekly Low 99.24
Previous Monthly High 100.93
Previous Monthly Low 98.81
Daily Fibonacci 38.2% 99.96
Daily Fibonacci 61.8% 100.14
Daily Pivot Point S1 99.62
Daily Pivot Point S2 99.24
Daily Pivot Point S3 98.84
Daily Pivot Point R1 100.41
Daily Pivot Point R2 100.82
Daily Pivot Point R3 101.2

 

 

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