Chart USD Index DXY Update: Consolidating - studies rising
Little change, as mixed intraday studies and flat overbought daily stochastics keep near-term sentiment cautious
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 101.00 | congestion | S1 | 99.00 | * | break level | ||
| R3 | 100.65 | ** | 76.4% ret of May-Jul fall | S2 | 98.00 | * | congestion | |
| R2 | 100.54 | ** | 29 May (w) high | S3 | 97.00 | * | congestion | |
| R1 | 100.00 | ** | congestion | S4 | 96.50 | * | congestion |
Asterisk denotes strength of level
09:15 BST - Little change, as mixed intraday studies and flat overbought daily stochastics keep near-term sentiment cautious and extend consolidation around congestion resistance at 100.00. The daily Tension Indicator continues to rise and broader weekly charts are improving, highlighting room for still further gains in the coming sessions. A later close above here will extend July gains towards the 100.65 retracement. But overbought daily stochastics could limit any initial tests in consolidation. Meanwhile, support remains at 99.00. A close beneath here, if seen, will turn sentiment neutral and prompt consolidation above congestion support at 98.00.