Chart USD Index DXY Update: Gains to remain limited
Cautious trade above support at 101.50 has given way to a bounce
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 102.95/00 | ** | 14 Oct YTD high; congestion | S1 | 101.50 | * | break level | |
| R3 | 102.85 | ** | 50% ret of 2025-2026 fall | S2 | 101.30 | * | 38.2% ret of Aug-Oct rally | |
| R2 | 102.50 | congestion | S3 | 101.00 | ** | congestion | ||
| R1 | 102.00 | ** | congestion | S4 | 100.75 | * | 50% ret of Aug-Oct rally |
Asterisk denotes strength of level
08:50 GMT - Cautious trade above support at 101.50 has given way to a bounce, as intraday studies turn higher, with prices currently pressuring congestion resistance at 102.00. Oversold daily stochastics are also turning up, suggesting room for a break above here. But the bearish daily Tension Indicator and mixed/negative weekly charts should limit initial scope in renewed selling interest/consolidation beneath further congestion around 102.50.
Meanwhile, support remains at 101.50 and extends to the 101.30 Fibonacci retracement. This range should underpin any immediate setbacks. A close beneath here, however, will add weight to sentiment and extend losses from the 102.95 current year high of 14 October below congestion around 101.00 towards the 100.75 retracement.