Published: 2025-05-29T10:30:22.000Z
Chart USD Index DXY Update: Opening gap higher not sustained
Senior Technical Strategist
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The opening gap above congestion around 100.00 has been pushed back from 100.54
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 102.10 | ** | 61.8% ret of Mar-Apr fall | S1 | 99.00 | break level | ||
| R3 | 102.00 | ** | break level | S2 | 98.70~ | 26 May low | ||
| R2 | 101.00 | * | break level | S3 | 98.00 | * | congestion | |
| R1 | 100.00 | ** | congestion | S4 | 97.70 | * | early-Mar 22 (w) low |
Asterisk denotes strength of level
11:00 BST - The opening gap above congestion around 100.00 has been pushed back from 100.54, as overbought intraday studies unwind, with prices currently trading back below 100.00. A pullback towards support at 99.00 cannot be ruled out. But rising daily readings and a tick higher in weekly charts are expected to prompt renewed buying interest towards here. Following cautious trade, fresh gains are looked for. A close above 100.00 will help to improve price action and initially open up 101.00.