Published: 2026-02-04T07:22:29.000Z
Chart USD Index DXY Update: Consolidating test of 97.75/98.00 resistance
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Break above resistance at the 97.33/97.42 gap area has seen to reach strong resistance at the 97.75/98.00 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 99.00 | * | congestion | S1 | 97.00 | * | congestion | |
| R3 | 98.50 | * | congestion | S2 | 96.50 | * | congestion | |
| R2 | 98.00 | ** | congestion | S3 | 96.22 | * | Sep low | |
| R1 | 97.75 | ** | Dec low, congestion | S4 | 95.55 | ** | 27 Jan YTD low |
Asterisk denotes strength of level
07:20 GMT - Break above resistance at the 97.33/97.42 gap area has seen to reach strong resistance at the 97.75/98.00 area as prices retrace the January losses. This area is expected to cap and give way to renewed selling pressure later with support raised to 97.00 congestion. Would take break here to open up room for retest of support at the 96.50/22 congestion and September low. Below these will return focus to the 95.55 low. Break of the latter will further extend the broader losses from 2022 year high to 95.25, 76.4% Fibonacci level.