DXY

DXY suffered major losses on Wednesday after reacting to US Fed Chairman Jerome Powell's statements on the policy outlook. USD struggled to find demand early on Thursday. (BoE) found support again after policy statements and US data releases, managed to climb above 104,000 and closed the day at 104,100. Fed Chairman Powell's Speech will be followed for DXY, which started the last day of the week with sellers. Technically, in the short term, the 200-Day Moving Average range of 103,780 - 103,450 stands out as a support area. If this range is dropped below, the 50-Day Moving Average may continue to retreat to 102,870. In increases, the 100-Day Moving Average levels of 104,450 and 104,880 can be followed as resistance points. Support: 103,780-103,450 Resistance: 104,450-104,880