Published: 2025-08-22T08:14:38.000Z
Chart USD Index DXY Update: Drifting higher
Senior Technical Strategist
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The anticipated test of 98.50 has extended to 98.80~
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 101.00 | * | congestion | S1 | 98.50 | congestion | ||
| R3 | 100.65 | ** | 76.4% ret of May-Jul fall | S2 | 98.00 | * | congestion | |
| R2 | 100.00 | ** | congestion | S3 | 97.50 | * | congestion | |
| R1 | 99.00 | * | break level | S4 | 97.00 | * | congestion |
Asterisk denotes strength of level
09:00 BST - The anticipated test of 98.50 has extended to 98.80~, with prices currently balanced around 98.75. Daily stochastics and the daily Tension Indicator continue to rise, highlighting potential for continuation towards resistance at 99.00. A break will improve sentiment and open up strong congestion around 100.00. But a tick lower in overbought weekly stochastics is expected to prompt renewed selling interest towards here. Meanwhile, support is raised to congestion around 98.50 and extends to further congestion around 98.00. This range should underpin any immediate setbacks.