Published: 2025-07-11T08:07:35.000Z
Chart USD Index DXY Update: Cautious trade - studies rising
Senior Technical Strategist
1
Still little change
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 99.50 | congestion | S1 | 97.00 | * | congestion | ||
| R3 | 99.00 | break level | S2 | 96.50 | * | congestion | ||
| R2 | 98.00 | * | congestion | S3 | 96.38 | * | 1 Jul YTD low | |
| R1 | 97.60 | * | 12 Jun (w) low | S4 | 96.00 | ** | congestion |
Asterisk denotes strength of level
09:00 BST - Still little change, as prices extend cautious trade within resistance at the 97.60 weekly low of 12 June and congestion around 98.00. Intraday studies have turned higher and daily readings continue to rise, highlighting room for further strength in the coming sessions. A break above 98.00 is needed to turn sentiment positive and extend July gains towards resistance at 99.00, where mixed weekly charts should prompt fresh selling interest/consolidation. Meanwhile, support remains at congestion around 97.00. A break beneath here, not yet seen, will open up critical support at the 96.38 current year low of 1 July, where fresh consolidation is expected to appear.