US Dollar Index Asia Price Forecast: DXY sees worst daily decline in 5-weeks

US Dollar Index (DXY) had its worst daily decline since early April.
DXY is testing an important support near 99.60 level.

Flavio Tosti Independent Analyst

DXY daily chart

The US Dollar Index (DXY) turned lower this Monday challenging 3-day lows and the 50 SMA on the daily chart.

DXY four-hour chart

DXY started the trading week with a sharp drop below the 100.00 mark and the main SMAs. The market is challenging the 99.60 support level which was key in May. Bulls could try to lift the market and regain the 100.00 level. However, a clear break below the 99.60 level can lead to more down and decline towards the 99.30 and the 98.90 levels.

Additional key levels

Dollar Index Spot

Overview
Today last price	99.6
Today Daily Change	-0.76
Today Daily Change %	-0.76
Today daily open	100.36

Trends
Daily SMA20	99.95
Daily SMA50	99.71
Daily SMA100	98.81
Daily SMA200	98.45

Levels
Previous Daily High	100.49
Previous Daily Low	100.08
Previous Weekly High	100.56
Previous Weekly Low	99.56
Previous Monthly High	100.93
Previous Monthly Low	98.81
Daily Fibonacci 38.2%	100.33
Daily Fibonacci 61.8%	100.23
Daily Pivot Point S1	100.13
Daily Pivot Point S2	99.9
Daily Pivot Point S3	99.72
Daily Pivot Point R1	100.54
Daily Pivot Point R2	100.72
Daily Pivot Point R3	100.95

Author

Flavio Tosti

Independent Analyst

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