US Dollar Index Asia Price Forecast: DXY ending session below 100.00 mark on Fed surprise

US dollar index (DXY) consolidates gains below the 100.00 mark.
Support could emerge near the 99.50 and 99.00 price levels.
The level to beat for bulls is the 100.00 level.

Flavio Tosti Independent Analyst

DXY daily chart

DXY is trading in a bull trend above its main daily SMAs (simple moving averages), however, the buck is losing some traction below the 100.00 figure this Thursday as the Fed decided to inject $2.3 trillion in additional loans while US jobless claims came in above 6.6 million.

DXY four-hour chart

DXY dipped below the 100 mark and below the 50/100 SMAs but still above the 200 one suggesting that the uptrend stays intact. The buck is finding some support near the 99.50 level and a bounce can see bulls attempting to regain the 100.00 figure and above. Further down, support is seen near the 99.00 and 98.30 levels.

Additional key levels

Dollar Index Spot

Overview
Today last price	99.56
Today Daily Change	-0.57
Today Daily Change %	-0.57
Today daily open	100.13

Trends
Daily SMA20	100.07
Daily SMA50	98.94
Daily SMA100	98.23
Daily SMA200	98.14

Levels
Previous Daily High	100.43
Previous Daily Low	99.92
Previous Weekly High	100.86
Previous Weekly Low	98.31
Previous Monthly High	103
Previous Monthly Low	94.63
Daily Fibonacci 38.2%	100.24
Daily Fibonacci 61.8%	100.11
Daily Pivot Point S1	99.89
Daily Pivot Point S2	99.65
Daily Pivot Point S3	99.38
Daily Pivot Point R1	100.4
Daily Pivot Point R2	100.67
Daily Pivot Point R3	100.91

Author

Flavio Tosti

Independent Analyst

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