US Dollar Index Price Analysis: DXY unstoppable ahead of FOMC, trading near 45-month highs

DXY is trading at levels not seen since May 2017.
The level to beat for buyers is the 99.20 resistance.
The FOMC Minutes will be released at 19.00 GMT.

Flavio Tosti Independent Analyst

DXY daily chart

The US dollar index (DXY) is challenging the 2019 highs at 99.67 while trading on an intraday basis as high as 99.71 this Wednesday ahead of the FOMC Minutes. This is the highest level since May 2017.

DXY four-hour chart

The bullish pressure remains unabated as DXY is trading near 45-month highs. After the break of 99.67 (2019 high) the bulls are looking to extend gains towards the 100.00 figure and the 100.20 level. Support is seen near 99.40 and 99.00 figure

Additional key levels

Dollar Index Spot

Overview
Today last price	99.67
Today Daily Change	0.21
Today Daily Change %	0.21
Today daily open	99.46

Trends
Daily SMA20	98.35
Daily SMA50	97.69
Daily SMA100	97.86
Daily SMA200	97.8

Levels
Previous Daily High	99.47
Previous Daily Low	99.14
Previous Weekly High	99.16
Previous Weekly Low	98.6
Previous Monthly High	98.19
Previous Monthly Low	96.42
Daily Fibonacci 38.2%	99.34
Daily Fibonacci 61.8%	99.27
Daily Pivot Point S1	99.24
Daily Pivot Point S2	99.03
Daily Pivot Point S3	98.91
Daily Pivot Point R1	99.57
Daily Pivot Point R2	99.69
Daily Pivot Point R3	99.9

Author

Flavio Tosti

Independent Analyst

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