Published: 2026-09-16T08:01:50.000Z
Chart USD Index DXY Update: Consolidating - daily studies edging higher
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Little change, as prices extend cautious trade above congestion support at 99.50
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 100.60 | ** | 61.8% ret of Jun-Aug fall | S1 | 99.50 | * | congestion | |
| R3 | 100.20 | ** | 50% ret of Jun-Aug fall | S2 | 99.00 | ** | congestion | |
| R2 | 100.00 | ** | congestion | S3 | 98.60 | ** | 76.4% ret of Apr-Jun rally | |
| R1 | 99.86 | ** | 2 Sep (w) high | S4 | 97.95/00 | ** | 61.8% ret; congestion |
Asterisk denotes strength of level
08:50 BST - Little change, as prices extend cautious trade above congestion support at 99.50. Intraday studies are coming under pressure, highlighting room for a test beneath here. But rising daily readings should limit scope in renewed buying interest/consolidation above further congestion around 99.00.
Following cautious trade, fresh gains are looked for. A break above the 99.86 weekly high of 2 September will open up congestion around 100.00 and the 100.20 Fibonacci retracement. But mixed/negative weekly charts should limit any further gains above here, if seen, in renewed profit-taking towards the 100.60 retracement.