DXY

DXY

The indicators we explained as references for the Classic Dollar Index, the 34 and 100-day exponential moving averages (104.56 - 104.99 region), maintain their importance, while the index continues to have a positive outlook on the relevant indicators. This attitude keeps the idea of a possible journey towards the October 3, 2023 peak of 107 on the agenda, while persistence above the 105.75 level may strengthen this idea. Otherwise, pressure may occur again towards the indicators. It should not be forgotten that permanent movements below the averages are needed for our current scenario to be considered invalid. The 105.610 level can be followed in intraday downward movements. In case of falling below this level, the supports of 105.430 and 105.290 may become important. In possible increases, 106,030 and 106,250 will be monitored as resistance levels. Support: 105,610-105,430 Resistance: 106,030-106,250