Published: 2025-05-23T06:09:38.000Z
Chart USD Index DXY Update: Room to extend losses
Technical Analyst
1
Edged up from the 99.33 low as prices consolidate losses from the 102.00 high of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 102.60 | * | 38.2% Jan/Apr fall | S1 | 99.00 | * | congestion | |
| R3 | 102.00 | ** | congestion, 12 May high | S2 | 98.00/92 | ** | congestion, 21 Mar YTD low | |
| R2 | 101.00 | * | congestion | S3 | 97.70 | * | 30 Mar 2022 low | |
| R1 | 100.00/15 | * | congestion, Sep low | S4 | 97.45 | * | 28 Jan 2022 high |
Asterisk denotes strength of level
06:10 GMT - Edged up from the 99.33 low as prices consolidate losses from the 102.00 high of last week. Prices are unwinding oversold intraday studies but negative daily studies keeps pressure firmly on the downside and see room for extension to support at 99.00 congestion. Bbreak here will return focus to the 98.00 level and 97.92, 21 March YTD low. Below this will extend the broader losses from 114.78, September 2022 multi-year high. Meanwhile, resistance remains at the 100.00/100.15 congestion and September 2024 year low is expected to cap.