Chart USD Index DXY Update: Limited downside tests
Cautious trade around 101.50 is giving way to a drift lower
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 102.85/00 | 50% ret of 2025-2026 fall; cong | S1 | 101.00 | ** | minor congestion | ||
| R3 | 102.00 | ** | congestion | S2 | 100.64 | ** | 31 Mar (m) high | |
| R2 | 101.80 | * | 24 Jun YTD high | S3 | 100.00 | ** | congestion | |
| R1 | 101.50 | intraday break level | S4 | 99.50 | * | congestion |
Asterisk denotes strength of level
08:55 BST - Cautious trade around 101.50 is giving way to a drift lower, as intraday studies turn down and overbought daily stochastics unwind, with focus turning to congestion support at 101.00. The daily Tension Indicator continues to and broader weekly charts are positive, suggesting any immediate tests beneath here should be limited in renewed buying interest/consolidation above the 100.64 monthly high of 31 March. Following cautious/corrective trade, fresh gains are looked for. A break above 101.50 would help to stabilise price action. But a close above the 101.80 current year high of 24 June and congestion around 102.00 is needed to turn sentiment positive and extend January gains towards 102.85/00.