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US Dollar Index Asia Price Forecast: DXY grinds up, holding above 100.00 mark

  • US dollar index (DXY) ends Thursday above the 100.00 mark. 
  • The level to beat for buyers is the 100.50 resistance. 
 

DXY daily chart

 
DXY is trading above the main SMAs on the daily chart as the index continues the bullish grind and settles above the 100.00 mark on the fourth day of the week.
 
 

DXY four-hour chart

 
DXY broke above the 100.50 intraday but is on track to end the New York session below it. However, the uptrend remains, for now, intact as the greenback holds above the 100.00 figure with bulls still eyeing the 100.50 level en route to the 101.00 figure. Support can be seen near the 100.00 and 99.60 levels. 
 

Additional key levels

Dollar Index Spot

Overview
Today last price100.43
Today Daily Change0.09
Today Daily Change %0.09
Today daily open100.34
 
Trends
Daily SMA2099.71
Daily SMA5099.23
Daily SMA10098.39
Daily SMA20098.27
 
Levels
Previous Daily High100.5
Previous Daily Low99.89
Previous Weekly High100.3
Previous Weekly Low98.83
Previous Monthly High103
Previous Monthly Low94.63
Daily Fibonacci 38.2%100.27
Daily Fibonacci 61.8%100.13
Daily Pivot Point S199.99
Daily Pivot Point S299.64
Daily Pivot Point S399.38
Daily Pivot Point R1100.59
Daily Pivot Point R2100.85
Daily Pivot Point R3101.2

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

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