US Dollar Index Asia Price Forecast: DXY losing steam, slips below 100.00 mark

 

 

DXY is trading above the daily SMAs suggesting an overall bullish bias, however, the greenback slipped below the 100.00 mark important psychological level. 

 

 

DXY had a reaction up in the New York session but fell below the 100.00 level and the main SMAs, therefore, it remains to be seen if the buyers in the medium-term can return back to the market or if the index will continue sliding towards 99.30 and 98.90 levels. On the flip side, resistance can be seen near 100.00 and 100.50 levels.