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13 Feb 2020

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

Feb 13, 2020

Republicans expect Trump to withdraw controversial Fed nominee – The Hill

The Hill reports that the Senate Republican sources expect President Trump to withdraw his nomination of Judy Shelton to serve on the Federal Reserve

Wall Street Close: Benchmarks snapping a three-day winning streak

Following record closes on Wednesday, snapping a three-day winning streak, US benchmarks were unable to hold onto their highest levels on Thursday and