US Dollar Index Asia Price Forecast: DXY is bouncing from monthly lows

US Dollar Index (DXY) rebounds from the May’s lows.
Strong support is seen in the 99.00/98.80 price zone.

Flavio Tosti Independent Analyst

DXY daily chart

The US Dollar Index (DXY) is finding some solid support near the monthly lows close to the 99.00 level and the 100 SMA on the daily chart. However, the risk appetite mood on Wall Street is diminishing the demand for the greenback.

DXY four-hour chart

DXY is rebounding from the May’s lows while trading below the main SMAs on the four-hour chart. Buyers are attempting to support the market in the 99.00/98.80 price zone as it has been solid support in the last few months. On the flip side, a convincing break below the mentioned levels can yield an extension down to the 98.20/98.00 support zone.

Additional key levels

Dollar Index Spot

Overview
Today last price	99.05
Today Daily Change	0.05
Today Daily Change %	0.05
Today daily open	99

Trends
Daily SMA20	99.71
Daily SMA50	100
Daily SMA100	99
Daily SMA200	98.51

Levels
Previous Daily High	99.78
Previous Daily Low	98.9
Previous Weekly High	100.47
Previous Weekly Low	99
Previous Monthly High	100.93
Previous Monthly Low	98.81
Daily Fibonacci 38.2%	99.24
Daily Fibonacci 61.8%	99.45
Daily Pivot Point S1	98.67
Daily Pivot Point S2	98.34
Daily Pivot Point S3	97.78
Daily Pivot Point R1	99.56
Daily Pivot Point R2	100.12
Daily Pivot Point R3	100.45

Author

Flavio Tosti

Independent Analyst

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