Published: 2026-07-21T08:10:34.000Z
Chart USD Index DXY Update: Pushing against 101.00
1
Cautious trade has given way to a test of resistance at 101.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 101.80 | ** | 24 Jun YTD high | S1 | 100.35 | * | 15 Jul (w) low | |
| R3 | 101.50 | intraday break level | S2 | 100.20 | ** | 38.2% ret of Apr-Jun rally | ||
| R2 | 101.33 | * | 13 Jul (w) high | S3 | 100.00 | ** | congestion | |
| R1 | 101.00 | ** | congestion base | S4 | 99.70 | ** | 50% ret of Apr-Jun rally |
Asterisk denotes strength of level
09:00 BST - Cautious trade has given way to a test of resistance at 101.00, where fresh consolidation is developing. Oversold daily stochastics are unwinding and the bearish daily Tension Indicator is flattening, suggesting room for a test above here. But mixed weekly charts should limit initial scope in renewed consolidation beneath the 101.33 weekly high of 13 July, before rising longer-term charts prompt a break. A close above 101.33 would open up critical resistance within the 101.50 - 101.80 range. Meanwhile, support is down to the 100.35 weekly low of 15 July, and should underpin any immediate setbacks.