DXY

After the CPI Data on Tuesday, the Dollar Index rose to 103,180, but could not hold on there and retreated to 102,860 yesterday. The 10-year US yield remained stable at around 4.15%, helping the USD find demand. However, the risk-positive market atmosphere did not allow the currency to continue to gather strength. Technically, for the DXY, which started the day around 102,880, the 200-day moving average of 102,610 - 102,440 stands out as a support zone in the short term. If this range is dropped below, the 50-day moving average may continue to retreat to 102,370. In increases, the 100-day moving average of 103,120 and 103,360 levels can be followed as resistance points. Support: 102,610-102,440 Resistance: 103,120-103,360