Chart USD Index DXY Update: Limited tests lower
Little change, as prices consolidate the break below 100.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 101.15 | ** | 38.2% ret of 2025-2026 fall | S1 | 99.50 | * | congestion | |
| R3 | 101.00 | * | congestion | S2 | 99.00 | ** | congestion | |
| R2 | 100.40/54 | ** | 21 Nov (m); 13 Mar YTD highs | S3 | 98.50 | * | congestion | |
| R1 | 100.00 | ** | congestion | S4 | 98.00 | * | congestion |
Asterisk denotes strength of level
08:50 GMT - Little change, as prices consolidate the break below 100.00. Overbought daily stochastics are unwinding and the daily positive daily Tension Indicator is turning down, highlighting room for further losses towards congestion support at 99.50. However, rising weekly charts and improving longer-term readings should limit any deeper losses in renewed buying interest/consolidation above further congestion around 99.00. Following cautious/corrective trade, fresh gains are looked for. A close above congestion resistance at 100.00 will help to stabilise price action. But a further close above above 100.40/54 is needed to turn sentiment positive and confirm continuation of late-January gains, initially towards resistance at congestion around 101.00 and the 101.15 multi-month Fibonacci retracement.