Published: 11/03/25 at 01:54 UTC
Chart USD Index DXY Update: Poised for further losses
Senior Technical Strategist
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Little change, as prices extend cautious trade around support at the 103.37 monthly low of 5 November
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 107.00 | ** | break level | S1 | 103.37 | ** | 5 Nov (m) low | |
| R3 | 106.00 | ** | congestion | S2 | 103.00 | * | congestion | |
| R2 | 105.00 | break level | S3 | 102.55 | ** | 76.4% ret of Sep-Jan rally | ||
| R1 | 104.00 | * | congestion | S4 | 102.00 | ** | congestion |
Asterisk denotes strength of level
13:45 GMT - Little change, as prices extend cautious trade around support at the 103.37 monthly low of 5 November. Daily readings are negative and broader weekly charts are bearish, highlighting room for a break and extension of January losses towards congestion around 103.00. Still lower is the 102.55 retracement, but already oversold daily and weekly stochastics could limit any initial tests of here in short-covering/consolidation. Meanwhile, resistance remains at congestion around 104.00. A close above here, if seen, would turn sentiment neutral and prompt consolidation beneath 105.00.