Published: 2026-08-03T08:18:05.000Z
Chart USD Index DXY Update: Prices remain under pressure
2
The anticipated break below 100.00 has extended to congestion support at 99.50 in volatile trade
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 101.00 | ** | congestion base | S1 | 99.70 | ** | 50% ret of Apr-Jun rally | |
| R3 | 100.75 | congestion | S2 | 99.50 | ** | congestion | ||
| R2 | 100.35 | ** | 15 Jul (w) low | S3 | 99.20 | ** | 61.8% ret of Apr-Jun rally | |
| R1 | 100.00 | ** | congestion | S4 | 99.00 | ** | congestion |
Asterisk denotes strength of level
09:05 BST - The anticipated break below 100.00 has extended to congestion support at 99.50 in volatile trade, before bouncing into consolidation above support at the 99.70 Fibonacci retracement. Improving intraday studies highlight room for a test of congestion resistance at 100.00. But negative daily readings and deteriorating weekly charts should prompt renewed selling pressure towards here, and limit any break to 100.35. Following cautious trade, fresh losses are looked for. A close below 99.70 will put focus back on 99.50 with scope for continuation of late-June losses towards the 99.20 retracement.