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29 May 2020
US Dollar Index Index Price Analysis: DXY ends the week near 10-week lows
- US Dollar Index (DXY) is trading at levels last seen in mid-March.
- DXY is testing a key support level at the 98.00 figure.
DXY four-hour chart
DXY dropped to the 98.20/98.00 support zone while under below the main SMAs. If the market can find some footing here, the index might rebound. However, a break below 98.00 can send the index towards the 97.50 and 97.00 levels in the medium term while resistance could be seen near the 98.80 and 99.00 levels initially.
Additional key levels