DXY

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DXY

We left the first trading day of the week behind with the statements of Fed officials. The summary statements of the officials can be explained as the continuation of the upward risks regarding inflation (Mester), but no evidence of an increase in interest rates (Daly), inflation not cooling fast enough to lower interest rates (Jefferson) and disappointment (Barr). The Classic Dollar Index attracted attention with its negative pricing behavior last week. The general strategy can be explained as the confirmation of the uptrend with the persistence above the 34-day average (104.85), and the end of the uptrend with the persistence below the trend low (103.90). The 104,600 level can be followed in intraday downward movements. If this level is broken, the supports at 104,460, 104,210 and 103,890 may become important. In case of possible increases, the resistance levels at 104,780, 104,950 and 105,170 will be monitored. Support: 104,460-104,110 Resistance: 104,780-104,950