4 Jun 2020
US Dollar Index Asia Price Forecast: DXY sinks further, trades sub-97.00 figure
- US Dollar Index (DXY) stays under heavy selling pressure near levels last seen in mid-March 2020.
- The level to beat for bears is the 96.60 support.
DXY four-hour chart
DXY keeps falling while breaking below the 97.00 level and reaching the 96.60 level. As the bears stay in charge, the greenback can see further losses especially on a break below the 96.60 support en route towards the 95.90 and 95.43 levels. Resistance can be seen near the 97.00, 97.50 and 97.80 price levels initially.
Additional key levels