Published: 2025-10-29T09:10:37.000Z
Chart USD Index DXY Update: Strong resistance at 99.00/15~
3
Cautious trade is giving way to a test higher
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 100.26 | ** | 1 Aug (m) high | S1 | 98.50 | congestion | ||
| R3 | 100.00 | ** | congestion | S2 | 98.00 | * | congestion | |
| R2 | 99.56 | ** | 9 Oct (w) high | S3 | 97.50 | * | congestion | |
| R1 | 99.00/15~ | * | cong; 22-23 Oct (w) high | S4 | 97.00 | * | congestion |
Asterisk denotes strength of level
08:50 GMT - Cautious trade is giving way to a test higher, as intraday studies rise and bearish daily stochastics flatten, with prices approaching resistance at congestion around 99.00. Just higher are the 99.15~ weekly highs of 22-23 October. Initial tests could give way to consolidation. But a break will improve sentiment and open up stronger resistance at the 99.56 weekly high of 9 October, where the daily Tension Indicator and flat overbought weekly stochastics are expected to prompt profit-taking/consolidation. Meanwhile, support remains at congestion around 98.50 and should underpin any immediate setbacks.