DXY

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DXY

We have left behind the first trading day of a week that is expected to be calm in terms of data, except for the messages to be given by FOMC members and the speech of Bank of England BoE Governor Bailey. We are also observing that the Classic Dollar Index has created a calm pricing reaction around the 34-day average. Although theoretically, the desire to stay above the 34 and 100-day averages (104.16 - 104.93 region) for the index and the expectation of reaching the 107 level tested in October 2023 are on the table, we will follow the results of economic indicators and the statements to be made by the central bank officials regarding whether this idea will be supported. The 105,100 level can be followed in intraday downward movements. If this level is dropped, the 104,840 support may become important. In possible increases, 105,380 and 105,650 will be monitored as resistance levels. Support: 105,100-104,840 Resistance: 105,380-105,650