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11 May 2020
US Dollar Index Asia Price Forecast: DXY regains the 100.00 mark
- US dollar index (DXY) starts the week with a boost above the 100.00 mark.
- The level to beat for buyers is the 100.40 resistance.
DXY daily chart
The US Dollar Index (DXY) starts the week with a boost above the 100.00 psychological mark. The index is trading above the main SMAs on the daily time-frame suggesting bullish momentum.
DXY four-hour chart
DXY is gaining steam above the main SMAs challenging the May highs. A daily close above 101.40 should open the doors to more gains towards the 101.60 level. However, bulls must hold DXY above 100.00 and 99.60 support levels.
Additional key levels