DXY

The countdown has begun for the US CPI data, which is the main focus of global markets. The reference indicators Dollar Index and US Bond Interest Rates may follow a dynamic course with the CPI data. Therefore, significant changes may be seen in the instant reaction in DXY. The classic Dollar Index keeps the idea of a reaction below the 34-day average (104.98) on its agenda before the critical CPI data. Today, the relevant reactions are looking for an answer to the question of whether they will continue to the 100-day average (104.28) or whether the current trend will continue above the 34-day average. Although the general trend of the index is positive, the reaction it creates significantly affects the instant reactions of the parities. The 104.860 level can be followed in intraday downward movements. In case of falling below this level, the support of 104.610 may become important. In possible increases, 105,180 and 105,350 will be monitored as resistance levels. Support: 104,860-104,610 Resistance: 105,180-105,350