Published: 2026-02-03T06:08:16.000Z
Chart USD Index DXY Update: Reached strong resistance at 97.75/98.00
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Extension to fill the 97.33/97.42 gap area has seen gains to reach strong resistance at the 97.75/98.00
| 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
06:00 GMT - Extension to fill the 97.33/97.42 gap area has seen gains to reach strong resistance at the 97.75/98.00, December low and congestion area. Gains are seen corrective of the December losses and expected to give way to renewed selling pressure later. Meanwhile, support is 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 and further extend the broader losses from 2022 year high to 95.25/95.00, 76.4% Fibonacci level and congestion area.