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  • DXY is trading near 45-month high as the market is approaching the 100 mark.
  • Bulls are likely expecting a continuation of the bull move towards the 100.20 and 100.40 levels.
 

DXY daily chart

 
The US dollar index (DXY) is about to have a daily close above the 2019 high (at 99.67) as the market is nearing the 100 psychological level. 
 

DXY four-hour chart

 
DXY is extending its longest run in several months as the bulls are nearing the 100 mark. The trend remains intact and a break above the above-mentioned level should expose higher levels near the 100.20 and 100.40 resistance. Support is seen near the 99.65 and 99.40 levels. 
 
  

Additional key levels

 

Expert score

5

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