US Dollar Index Asia Price Forecast: DXY attempts to stabilize above 99.00 figure

US Dollar Index (DXY) stays on the back foot after recording its worst daily decline in 5 weeks on the first day of this week.
DXY is trying to stabilize above the 99.00 figure.

Flavio Tosti Independent Analyst

DXY daily chart

The US Dollar Index (DXY) is trading near the May’s lows below the 50 SMA on the daily chart after recording its worst daily decline in 5 weeks this Monday.

DXY four-hour chart

DXY is entering a range just above the 99.00 figure while trading below the 100.00 mark and the main SMAs. While the market is trying to stabilize, it remains to be seen if DXY in the short-term can regain the 99.60 and 100.00 resistances. On the other hand, a daily close below the 99.00 figure would be seen as bearish with the potential for further declines towards the 98.80 and 98.40 levels in the medium-term.

Additional key levels

Dollar Index Spot

Overview
Today last price	99.34
Today Daily Change	0.16
Today Daily Change %	0.16
Today daily open	99.18

Trends
Daily SMA20	99.84
Daily SMA50	99.91
Daily SMA100	98.9
Daily SMA200	98.48

Levels
Previous Daily High	99.56
Previous Daily Low	99
Previous Weekly High	100.56
Previous Weekly Low	99.56
Previous Monthly High	100.93
Previous Monthly Low	98.81
Daily Fibonacci 38.2%	99.22
Daily Fibonacci 61.8%	99.35
Daily Pivot Point S1	98.94
Daily Pivot Point S2	98.69
Daily Pivot Point S3	98.38
Daily Pivot Point R1	99.49
Daily Pivot Point R2	99.8
Daily Pivot Point R3	100.05

Author

Flavio Tosti

Independent Analyst

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