Chart USD Index DXY Update: Limited pullback
Choppy trade following the test above resistance at 101.50 is giving way to a pullback
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 102.85 | ** | 38.2% ret of 2025-2026 fall | S1 | 101.00 | ** | congestion base | |
| R3 | 102.00 | ** | congestion | S2 | 100.75 | congestion | ||
| R2 | 101.80 | ** | 24 Jun YTD high | S3 | 100.35 | * | 15 Jul (w) low | |
| R1 | 101.50 | intraday break level | S4 | 100.00/20 | ** | congestion; 38.2% ret |
Asterisk denotes strength of level
09:00 BST - Choppy trade following the test above resistance at 101.50 is giving way to a pullback, as intraday studies turn down, with prices currently trading around 101.30. Daily stochastics are also falling, suggesting room for a test of support at 101.00. But the positive daily Tension Indicator and improving weekly charts should limit any deeper losses in renewed buying interest above congestion support at 100.75. Following cautious/corrective trade, fresh gains are looked for. However, a close above the 101.80 current year high of 24 June is needed to turn sentiment positive and confirm continuation of January gains. Focus will then turn to the 102.85 Fibonacci retracement.