US Dollar Index Price Analysis: DXY grinds to fresh 2020 highs, challenges 99.20 resistance



DXY daily chart

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

DXY four-hour chart

DXY is holding above the 99.00 figure as the market is trading well above its main SMAs. The bulls remain relentless as the market keeps grinding to the upside. Buyers are looking for a break above the 99.20 resistance to trade towards the 99.40 level. Support is seen at the 99.00 figure and 98.50 level.

Additional key levels

Dollar Index Spot

Today last price99.14
Today Daily Change0.03
Today Daily Change %0.03
Today daily open99.11


Daily SMA2098.1
Daily SMA5097.59
Daily SMA10097.86
Daily SMA20097.77


Previous Daily High99.11
Previous Daily Low98.85
Previous Weekly High98.71
Previous Weekly Low97.44
Previous Monthly High98.19
Previous Monthly Low96.42
Daily Fibonacci 38.2%99.01
Daily Fibonacci 61.8%98.95
Daily Pivot Point S198.94
Daily Pivot Point S298.76
Daily Pivot Point S398.68
Daily Pivot Point R199.2
Daily Pivot Point R299.28
Daily Pivot Point R399.46