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US Dollar Index Asia Price Forecast: DXY pops above 99.00 figure in fresh 2020 highs

  • DXY broke above the 99.00 figure as the index is printing fresh 2020 highs. 
  • DXY bulls are eyeing at the 99.40 resistance on the way up.  
 

DXY daily chart

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

DXY four-hour chart

 
DXY broke above the 99.00 figure as the market is trading well above its main SMAs. The bullish pressure remains unabated as bulls are looking to extend gains to the 99.40 resistance. Support is seen at the 99.00 figure and 98.50 level. 
 

Additional key levels

 

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