Published: 2025-07-09T08:10:00.000Z
Chart USD Index DXY Update: Consolidating - studies rising
Senior Technical Strategist
3
Little change, as prices extend cautious trade around resistance at the 97.60 weekly low of 12 June
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 99.50 | congestion | S1 | 97.00 | * | congestion | ||
| R3 | 99.00 | break level | S2 | 96.50 | * | congestion | ||
| R2 | 98.00 | * | congestion | S3 | 96.38 | * | 1 Jul YTD low | |
| R1 | 97.60 | * | 12 Jun (w) low | S4 | 96.00 | ** | congestion |
Asterisk denotes strength of level
09:05 BST - Little change, as prices extend cautious trade around resistance at the 97.60 weekly low of 12 June. Intraday studies are leaning lower, suggesting, potential for a minor test lower. But rising daily readings should limit any immediate losses in renewed buying interest above congestion support at 97.00. In the coming sessions, cautious trade is expected to give way to further gains. A break above 97.60 will open up congestion around 98.00. A further close above here will extend July gains towards resistance at 99.00, where mixed weekly charts should prompt fresh selling interest/consolidation.