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.  

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

Today last price 99.08
Today Daily Change 0.08
Today Daily Change % 0.08
Today daily open 99
Daily SMA20 98.01
Daily SMA50 97.55
Daily SMA100 97.86
Daily SMA200 97.77
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



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Latest Forex News

Editors’ Picks

AUD/USD following higher than expected Aussie Unemployment Rate

AUD/USD fails to cheer an increase in Employment Change. The pair declines to 0.6678 after flashing the intra-day low of 0.6668 as Australia’s employment data disappoints Aussie traders on early Thursday.


USD/JPY bulls catch a breath near multi-month top, stays above 111.00

USD/JPY seesaws around 111.30 at the start of Asian session. The risk barometer surged to the highest in nine months the previous day as Chinese authorities manage to placate traders. The pair consolidates gains following FOMC minutes.


Gold breaks to near 7-year highs amid coronavirus fears, next target is $1,617

Gold prices have extended their gains and have topped $1,611.42, the previous 2020 peak. XAU/USD is now trading at the highest levels since March 2013. Back then, it hit a high of $1,617, which is the next upside target.

Gold News

WTI upside remains capped by $53.00 ahead of API

WTI oil stays upbeat, following the run-up to the monthly high before a few minutes, as taking rounds to $53.70 amid the initial Asian session on Thursday. The black gold recently benefited from the weekly inventory data from the API.

Oil News

FXStreet launches Real-Time Trading Signals

FXStreet Signals offers access to explanatory live webinars, real-time notifications when signals are triggered and exclusive membership to the company’s Telegram group, where users get direct guidance by our analysts and get room to discuss and interact.

More info