Home US Dollar Index Asia Price Forecast: DXY sinks further, trades sub-97.00 figure

US Dollar Index Asia Price Forecast: DXY sinks further, trades sub-97.00 figure

Updated: 4 Jun. 2020 | 21:32

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

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