DXY (

The DXY (Dollar Index) - Following a reversal of the downtrend, the Dollar Index is showing an upward trend. Observations from the markets indicate that this trend is exerting selling pressure, except for stock indexes and cryptocurrencies. Despite the clarity on the Federal Reserve's interest rate cuts, the Dollar Index continues to rise, likely supported by recent inflation data exceeding expectations to some extent. As long as the short-term uptrend remains intact, the selling pressure in the markets is likely to persist. If this pressure continues until the next CPI-PPI report, the 103.333 level will be a critical resistance for the Dollar Index. In a scenario where the Fed's rate cut is confirmed, it is anticipated that the resistance level may not be breached, leading to a potential turnaround and recovery in the pressured markets.