Published: 2025-06-23T08:09:51.000Z
Chart USD Index DXY Update: Room for higher
Senior Technical Strategist
2
Gains in the Asian trading session have reached resistance at 99.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 100.55 | * | 29 May (w) high | S1 | 98.00 | * | congestion | |
| R3 | 100.00 | ** | congestion | S2 | 97.70 | * | early-Mar 22 (w) low | |
| R2 | 99.50 | congestion | S3 | 97.60 | * | 12 Jun YTD low | ||
| R1 | 99.00 | break level | S4 | 96.50 | * | congestion |
Asterisk denotes strength of level
09:00 BST - Gains in the Asian trading session have reached resistance at 99.00, where prices are settling into cautious trade. Intraday studies are rising and daily readings are also showing signs of improvement, suggesting room for further strength in the coming sessions. A break above here will extend gains from the 97.60 current year low of 12 June, and open up congestion resistance at 99.50. Improving weekly charts suggest potential for continuation to stronger congestion resistance at 100.00. Meanwhile, support remains down to congestion around 98.00 and is expected to underpin any immediate setbacks.