US Dollar Index Asia Price Forecast: DXY pops above 99.00 figure in fresh 2020 highs

DXY broke above the 99.00 figure as the index is printing fresh 2020 highs.
DXY bulls are eyeing at the 99.40 resistance on the way up.

Flavio Tosti Independent Analyst

DXY daily chart

The US dollar index (DXY) is trading near its highest point since October while trading above the main daily simple moving averages (SMAs). The market is spiking to the upside printing a fresh 2020 high this Thursday.

DXY four-hour chart

DXY broke above the 99.00 figure as the market is trading well above its main SMAs. The bullish pressure remains unabated as bulls are looking to extend gains to the 99.40 resistance. Support is seen at the 99.00 figure and 98.50 level.

Additional key levels

Dollar Index Spot

Overview
Today last price	99.08
Today Daily Change	0.08
Today Daily Change %	0.08
Today daily open	99

Trends
Daily SMA20	98.01
Daily SMA50	97.55
Daily SMA100	97.86
Daily SMA200	97.77

Levels
Previous Daily High	99.05
Previous Daily Low	98.71
Previous Weekly High	98.71
Previous Weekly Low	97.44
Previous Monthly High	98.19
Previous Monthly Low	96.42
Daily Fibonacci 38.2%	98.92
Daily Fibonacci 61.8%	98.84
Daily Pivot Point S1	98.79
Daily Pivot Point S2	98.58
Daily Pivot Point S3	98.45
Daily Pivot Point R1	99.13
Daily Pivot Point R2	99.26
Daily Pivot Point R3	99.47

Author

Flavio Tosti

Independent Analyst

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