US Dollar Index Price Analysis: DXY grinds to fresh 2020 highs, challenges 99.20 resistance

DXY is holding above the 99.00 figure as the index is printing fresh 2020 highs by a few ticks this Friday.
The level to beat for bulls is the 99.20 resistance.

Flavio Tosti Independent Analyst

DXY daily chart

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

DXY four-hour chart

DXY is holding above the 99.00 figure as the market is trading well above its main SMAs. The bulls remain relentless as the market keeps grinding to the upside. Buyers are looking for a break above the 99.20 resistance to trade towards the 99.40 level. Support is seen at the 99.00 figure and 98.50 level.

Additional key levels

Dollar Index Spot

Overview
Today last price	99.14
Today Daily Change	0.03
Today Daily Change %	0.03
Today daily open	99.11

Trends
Daily SMA20	98.1
Daily SMA50	97.59
Daily SMA100	97.86
Daily SMA200	97.77

Levels
Previous Daily High	99.11
Previous Daily Low	98.85
Previous Weekly High	98.71
Previous Weekly Low	97.44
Previous Monthly High	98.19
Previous Monthly Low	96.42
Daily Fibonacci 38.2%	99.01
Daily Fibonacci 61.8%	98.95
Daily Pivot Point S1	98.94
Daily Pivot Point S2	98.76
Daily Pivot Point S3	98.68
Daily Pivot Point R1	99.2
Daily Pivot Point R2	99.28
Daily Pivot Point R3	99.46

Author

Flavio Tosti

Independent Analyst

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