DXY

The Dollar Index is waiting for the FED Interest Rate Decision today. The Fed is expected to keep interest rates constant for the fifth time in a row at 5.25%-5.50%. Investors' expectations that the Fed may start lowering interest rates in June have begun to wane, while 10-year US bonds have experienced a moderate decline, but have maintained their strength as expectations that the Fed will lower interest rates in June have diminished. Technically, the 200-Day Moving Average of 103,640 - 103,260 is a support area in the short term. If this range is dropped, the 50-Day Moving Average may continue to retreat to 102,970. In increases, the 100-Day Moving Average of 104,110 and 104,280 levels can be followed as resistance points. Support: 103,640-103,260 Resistance: 104,110-104,280