US Dollar Index Asia Price Forecast: DXY keeps moving down, trades near 97.25 level

US Dollar Index (DXY) remains under bearish pressure near levels last seen in mid-March this year.
The level to beat for sellers is the 97.00 figure.

Flavio Tosti Independent Analyst

DXY four-hour chart

DXY keeps sinking while breaking below the 97.50 level. As the sellers remain in control, the greenback can extend losses especially on a break beyond the 97.00 support en route towards the 96.60 level. However, as the market can be oversold, a counter-trend move up cannot be ruled out. Resistance can be seen near the 97.50, 97.80 and 98.00 price levels initially.

Additional key levels

Dollar Index Spot

Overview
Today last price	97.26
Today Daily Change	-0.41
Today Daily Change %	-0.42
Today daily open	97.67

Trends
Daily SMA20	99.42
Daily SMA50	99.62
Daily SMA100	99.05
Daily SMA200	98.51

Levels
Previous Daily High	97.91
Previous Daily Low	97.43
Previous Weekly High	99.98
Previous Weekly Low	97.94
Previous Monthly High	100.56
Previous Monthly Low	97.94
Daily Fibonacci 38.2%	97.61
Daily Fibonacci 61.8%	97.73
Daily Pivot Point S1	97.43
Daily Pivot Point S2	97.19
Daily Pivot Point S3	96.95
Daily Pivot Point R1	97.91
Daily Pivot Point R2	98.15
Daily Pivot Point R3	98.39

Author

Flavio Tosti

Independent Analyst

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.