Published: 2025-09-23T07:26:00.000Z
Chart USD Index DXY Update: Shallow bounce
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Remains below the 98.00 resistance as prices consolidate bounce from the 96.22 low of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 99.42 | * | Jun high | S1 | 97.00 | * | congestion | |
| R3 | 99.00 | * | congestion | S2 | 96.38 | ** | 1 Jul low | |
| R2 | 98.50 | * | congestion | S3 | 96.22 | ** | 17 Sep YTD low | |
| R1 | 98.00 | * | congestion | S4 | 96.00 | * | congestion |
Asterisk denotes strength of level
07:20 GMT - Remains below the 98.00 resistance as prices consolidate bounce from the 96.22 low of last week. Daily and weekly studies have turned up from oversold areas and suggest scope for extension to the 98.00 level and where break will open up room for stronger gains to resistance at the 98.50/99.00 congestion. However, gains are seen corrective and expected to give way to selling pressure later to retest the 97.00 congestion. Below this will return focus to critical support at the 96.38/22 lows.