US Dollar Index Asia Price Forecast: DXY consolidates sub-100.00 level

  

 

 

 

The greenback is trading in 2.5-week lows as DXY is retreating while still holding above the main daily SMAs on the daily time-frame.

  

 

DXY is trading below the 100 psychological level and below its 50/100 SMAs on the four-hour chart however still above the 200 SMA suggesting that the bull trend stays intact. The index is finding support near the 99.50 level as bulls want a rebound and retake the 100.00 figure. Further up lie the 105.50 and 101.00 levels. Meanwhile, support can emerge near the 99.00 and 98.30 levels.