Published: 2025-05-21T07:20:31.000Z
Chart USD Index DXY Update: Extending losses, 99.00 level next
Technical Analyst
3
Under pressure as prices extend break of the 2024 year low at 100.15 and the 100.00 congestion
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 102.60 | * | 38.2% Jan/Apr fall | S1 | 99.00 | * | congestion | |
| R3 | 102.00 | ** | congestion, 12 May high | S2 | 98.00/92 | ** | congestion, 21 Mar YTD low | |
| R2 | 101.00 | * | congestion | S3 | 97.70 | * | 30 Mar 2022 low | |
| R1 | 100.00/15 | * | congestion, Sep low | S4 | 97.45 | * | 28 Jan 2022 high |
Asterisk denotes strength of level
07:00 GMT - Under pressure as prices extend break of the 2024 year low at 100.15 and the 100.00 congestion. Negative daily studies keeps pressure firmly on the downside to extend pullback from the 102.00 high of last week and see room to 99.00 congestion. Below this will see retest of the 98.00 level and 97.92, 21 March YTD low. Break here will further extend the broader losses from 114.78, September 2022 multi-year high. Meanwhile, resistance is lowered to the 100.00/100.15, congestion and September 2024 year low, which is expected to cap.