US Dollar Index Asia Price Forecast: DXY hits 2.5-week highs, settles near 100.35 level

 

 

The US Dollar Index (DXY) index is grinding up above the 100.00 mark while trading above the main SMAs on the daily time-frame suggesting that the bull trend is intact.

 

 

DXY is trading near the 110.40 resistance while above the main SMAs on the four-hour chart. The bulls remain in full control with the market making higher highs and lows in the two first weeks of May. Buyers are likely looking for a potential extension towards the 101.00 figure and above. Meanwhile, occasional retracements down could meet support near the 100.00 and 99.60 levels