DXY

DXY Yesterday, after the US Federal Reserve (Fed) kept the main reference rate at 5.5% as the markets generally expected, DXY fell rapidly and lost value to 103,200, while US Treasury bond yields rose. The DXY Index started the new day with a slight seller. Eyes were drawn to the UK Interest Rate decision and Unemployment Benefits Applications from the US, Philadelphia Fed Manufacturing Index (Mar) and PMI Data. Technically, in the short term, the 200-Day Moving Average range of 103,180 - 102,860 draws attention as the support area. If this range is dropped below, the pullback to the 50-Day Moving Average level of 102,470 may continue. In increases, the 100-Day Moving Average levels of 103,450 and 103,880 can be followed as resistance points. Support: 103,180-102,860 Resistance: 103,450-103,880