Published: 2026-08-20T08:27:51.000Z
Chart USD Index DXY Update: Approaching strong support - studies under pressure
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Anticipated losses are approaching strong support at the 98.60 Fibonacci retracement
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 100.35 | ** | 15 Jul (w) low | S1 | 98.60 | ** | 76.4% ret of Apr-Jun rally | |
| R3 | 100.00 | ** | congestion | S2 | 98.00 | ** | congestion | |
| R2 | 99.50 | ** | congestion | S3 | 97.63 | ** | Apr-May lows | |
| R1 | 99.00 | ** | congestion | S4 | 97.00 | ** | congestion |
Asterisk denotes strength of level
09:15 BST - Anticipated losses are approaching strong support at the 98.60 Fibonacci retracement, where oversold intraday studies could prompt consolidation. Daily readings have turned bearish, however, and broader weekly charts are falling, highlighting room for further losses in the coming sessions. A close beneath here will add weight to sentiment and extend late-June losses towards congestion around 98.00.
Meanwhile, resistance is lowered to congestion around 99.00. A close above here, if seen, will help to stabilise price action and prompt consolidation beneath further congestion around 99.50.