Published: 2026-06-04T08:17:10.000Z
Chart USD Index DXY Update: Room for a minor test higher
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The anticipated test of resistance at 99.50 is giving way to consolidation
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 100.64 | ** | 31 Mar YTD high | S1 | 99.00 | * | congestion | |
| R3 | 100.29 | * | 6 Apr (m) high | S2 | 98.75 | 29 May (w) low | ||
| R2 | 100.00 | ** | congestion | S3 | 98.50 | * | congestion | |
| R1 | 99.50 | * | congestion, gap high | S4 | 98.00 | * | congestion |
Asterisk denotes strength of level
09:05 BST - The anticipated test of resistance at 99.50 is giving way to consolidation, as overbought intraday studies unwind. Daily readings have ticked higher, however, suggesting room for a test above here. But mixed/negative weekly charts should limit scope in renewed selling interest towards stronger resistance at congestion around 100.00. Meanwhile, support remains at congestion around 99.00. But a close below the 98.75 weekly low of 29 May is needed to add weight to sentiment and confirm a deeper pullback, initially towards 98.50.