ANALYSIS
NQ100 Finds Support from PPIApr 14
USIndex is backed by Rate Projections
We have concluded the week, in which central banks have given crucial decisions. Developed country monetary authorities' divergent policy tools against inflationary pressures create volatility in the dollar index. However, bullish potential is retained in the index as a result of the Fed’s projections about earlier-than-expected rate hikes. Technically, as long as the lower line of the minor channel indicating 95.50 is not broken downwards, bullish moves are likely to continue. In these bullish moves, we will follow 96.44 and 97.00 resistance levels as potential targets.
