DXY

DXY Managed to Complete March Stronger Than Expected The most important reason for it to remain above market expectations was that the FED still did not release hot money to the market and contrary to expectations, it may start interest rate cuts in June at the earliest, and it closed the month at 104.486. This week, the index will focus on TUFE from Germany and Europe, PMI, JOLTS, ADP from the US and Friday's Nonfarm Payrolls Data. Technically, in the short term, the 200-day moving average range of 104.380 - 103.950 draws attention as a support zone. If this range is dropped below, the 50-day moving average may continue to retreat to 103.370. In increases, the 100-day moving average levels of 104.850 and 105.080 can be followed as resistance points. Support: 104,380-103,950 Resistance: 104,850-105,080