DXY

The classic Dollar Index 34 and 100-day averages (103.90 – 104.32 area) continue to wink at the 107 level scenario, but also keep the weak reaction / strong trend theme in the foreground with the desire to stay above 105.50. Since the Fed can now keep interest rates steady for longer than other major central banks, DXY remains strong. The first level in the continuation of the rise is 106,700, the high of November 10. Above, the DXY Index may encounter resistance at 107.35, the high of October 3. On the downside, new support levels must be overcome and the Dollar Index may see itself hovering around the first important level, the psychological figure of 105.50, and briefly returning below and above. Further down, 104.60 should also act as support, ahead of the area where the 55-day and 200-day Simple Moving Averages are located at 103.97 and 103.84 respectively. Support: 105,500-104,600 Resistance: 106,700-107,350