Feb 18, 2020
US Dollar Index Asia Price Forecast: DXY bulls relentless, nearing 2019 highs
- DXY is printing yet again fresh 2020 highs on the second day of the week.
- The market is approaching the 2019 high at the 99.67 level
- The level to beat for buyers is the 99.20 resistance.
DXY daily chart
The US dollar index (DXY) is pushing to new 2020 high while trading well above the main daily simple moving averages (SMAs). The greenback is nearing the 2019 high at 99.67 level.
DXY four-hour chart
DXY broke above the 99.40 resistance while trading well above its main SMAs. The bulls remain in control as the market might be headed towards the 2019 high at 99.67. Support is seen at 99.20, 99.00 and 98.50 levels.
Additional key levels