Published: 2026-05-15T08:08:16.000Z
Chart USD Index DXY Update: Pushing higher
2
Cautious trade has given way to anticipated gains
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 100.29 | * | 6 Apr (m) high | S1 | 98.50 | * | congestion | |
| R3 | 100.00 | ** | congestion | S2 | 98.00 | * | congestion | |
| R2 | 99.50 | * | congestion | S3 | 97.63 | ** | 17 Apr (m) low | |
| R1 | 99.00/18 | ** | congestion; 8 Apr high | S4 | 97.50 | ** | congestion; 61.8% ret |
Asterisk denotes strength of level
08:55 BST - Cautious trade has given way to anticipated gains, with prices currently testing strong resistance at congestion around 99.00 and the 99.18 high of 8 April. Daily readings continue to rise and weekly stochastics have turned up, suggesting room for continuation beyond here towards congestion around 99.50. However, already overbought daily stochastics and the bearish weekly Tension Indicator should limit any immediate tests beyond here in profit-taking/consolidation beneath 100.00. Meanwhile, support is raised to congestion around 98.50. Any immediate setbacks should give way to consolidation above here.