US Dollar Index Asia Price Forecast: DXY slips lower trading near 6-day’s lows

 

 

DXY is retracing down for the fifth consecutive day after an above-average spike to the upside. The pullback down exceeded the 38.2% Fibonacci level from the last bullish run. 

 

 

The greenback broke below the 100.00 big figure and the 50 SMA on the four-hour chart as the retracement down is intensifying and could extend to the 99.00, 98.50 and 97.50 price levels on the way down. Bullish attempts can find resistance near the 100.00, 100.50 and 101.50 price levels;