US Dollar Index Asia Price Forecast: DXY hits 2.5-week highs, settles near 100.35 level

US Dollar Index (DXY) popped to fresh May’s highs this Thursday.
The level to beat for buyers is the 110.40 resistance.

Flavio Tosti Independent Analyst

DXY daily chart

The US Dollar Index (DXY) index is grinding up above the 100.00 mark while trading above the main SMAs on the daily time-frame suggesting that the bull trend is intact.

DXY four-hour chart

DXY is trading near the 110.40 resistance while above the main SMAs on the four-hour chart. The bulls remain in full control with the market making higher highs and lows in the two first weeks of May. Buyers are likely looking for a potential extension towards the 101.00 figure and above. Meanwhile, occasional retracements down could meet support near the 100.00 and 99.60 levels

Additional key levels

Dollar Index Spot

Overview
Today last price	100.36
Today Daily Change	0.15
Today Daily Change %	0.15
Today daily open	100.21

Trends
Daily SMA20	99.91
Daily SMA50	99.55
Daily SMA100	98.75
Daily SMA200	98.43

Levels
Previous Daily High	100.27
Previous Daily Low	99.56
Previous Weekly High	100.4
Previous Weekly Low	99.24
Previous Monthly High	100.93
Previous Monthly Low	98.81
Daily Fibonacci 38.2%	100
Daily Fibonacci 61.8%	99.83
Daily Pivot Point S1	99.76
Daily Pivot Point S2	99.3
Daily Pivot Point S3	99.05
Daily Pivot Point R1	100.47
Daily Pivot Point R2	100.73
Daily Pivot Point R3	101.18

Author

Flavio Tosti

Independent Analyst

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