OctaFX | OctaFX Forex Broker
Open trading account
Back

US Dollar Index Price Index: DXY advances to fresh 2020 highs, challenges 98.20 resistance

  • DXY is printing fresh 2020 highs at the start of the week. 
  • The level to beat for buyers is the 99.20 resistance.
 

DXY daily chart

 
The US dollar index (DXY) is printing fresh 2020 high while trading well above the main daily simple moving averages (SMAs). 
 

DXY four-hour chart

 
DXY is pressuring the 99.20 resistance while trading well above the main SMAs. The bulls are in control as they are eying the 99.40 and 99.60 resistances. Support is seen at the 99.00 figure and 98.50 level. 
 
 

Additional key levels

 

Russian Central Bank expects economic growth in Q1 at 2.0-2.5%

The Russian economy is expected to expand by 2-2.5% in the first quarter of 2020, the Central Bank of the Russian Federation said on Monday, per Reute
Read more Previous

EUR/JPY Price Analysis: Euro consolidates near four-month lows, trades near 119.00 figure

EUR/JPY is consolidating near four-months lows while trading below its main daily simple moving averages (SMAs).
Read more Next
Start livechat