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US Dollar Index Price Analysis: DXY climbs to fresh 2020 highs

  • DXY is up for the third consecutive day. 
  • Targets to the upside are seen near the 98.50 and 99.00 levels.
 

DXY daily chart

 
The US dollar index (DXY) is at fresh 2020 highs while trading above the main simple moving averages (SMAs). 
 

DXY four-hour chart

 
After the v-shaped recovery, DXY hit the 98.20 target on the way up. As the index is gaining strength, DXY is set to continue to appreciate towards the 98.50 level and the 99.00 figure. Support is seen at the 97.85 and 97.50 price levels. 
 

Additional key levels

 

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