Also, the DXY Index appears to have found technical support around the 99.00 price level, which is highlighted by the confluence of its 50-day simple moving average, October 2019 swing high, and mid-point retracement of last month’s bullish leg. From a fundamental perspective, the latest coronavirus developments have likely rekindled demand for safe-haven currencies and US Dollar dominance. Specifically, investor risk appetite soured on the back of news that several countries are prolonging their coronavirus lockdown.