DXY

Dollar Index Started the Day with an Increase. The US Dollar (USD) Index ended a three-week losing streak as the benchmark 10-year US Treasury yield gained over 5% on a weekly basis, climbing to 4.3%. Technically, for the DXY, which started the day around 103,780 after the Bank of Japan (BoJ) and Reserve Bank of Australia (RBA) decisions announced today, the 200-day moving average of 103,110 - 102,840 range stands out as a support zone in the short term. If this range is dropped, the pullback to the 50-day moving average of 102,470 may continue. In increases, the 100-day moving average of 103,960 and 104,180 levels can be followed as resistance points. Support: 103,110-102,840 Resistance: 103,960-104,180