US dollar: forecast for March 27-31

On the daily chart, 50-day MA went below 100-day one – a bearish signal. The currency remains vulnerable to test 99.00 (psychological level, support line from 2016 low). In the case of a break below this point, we might see a decline to 98.55 (200-day MA). Resistance lies at 100.00 and 100.70.

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