The post Steadies near 98.30 amid bearish bias appeared on BitcoinEthereumNews.com.

The US Dollar (USD) edges higher during the Asian session on Wednesday and recovers further from its lowest level since early October, around the 97.90-97.85 region, touched the pervious day. The USD Index (DXY), which tracks the Greenback against a basket of currencies, climbs to the 98.30 zone in the last hour, though any meaningful appreciation seems elusive amid dovish Federal Reserve (Fed) expectations. From a technical perspective, the recent failure to build on the momentum beyond the very important 200-day Simple Moving Average (SMA) and a subsequent breakdown below the 100-day SMA favors the USD bears. Moreover, oscillators on the daily chart are holding in negative territory and are still away from being in the oversold zone. This, in turn, suggests that any further move up could be seen as a selling opportunity and remain capped. Moreover, the 100-day SMA flattens and remains beneath the declining 200-day one, preserving a bearish alignment. Price holds below both, with the shorter SMA at 98.63 acting as an immediate hurdle. The Moving Average Convergence Divergence (MACD) stays below the Signal line and under the zero mark, while the negative histogram contracts, hinting at fading downside momentum. The Relative Strength Index (RSI) stands at 35, near the lower end of neutral, with a modest uptick suggesting tentative stabilization. Downside risk persists while below trend filters, as the 200-day SMA trends lower at 99.25 and caps rebounds. The MACD remains under the Signal line and below zero, with the narrowing negative histogram reinforcing a tentative loss of bearish pressure. RSI’s recovery is shallow, and a push above the 50 midline would be needed to strengthen a rebound. A sustained break above 99.25 would shift the medium-term tone to the upside; failure to reclaim moving-average resistance would keep the bias weak. (The technical analysis of…

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Filed under: News - @ December 17, 2025 4:25 am