Published: 2025-08-28T08:08:19.000Z
Chart USD Index DXY Update: Cautious trade
Senior Technical Strategist
1
The anticipated break above 98.50 has been pushed back from 98.70~
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 100.65 | ** | 76.4% ret of May-Jul fall | S1 | 98.00 | * | congestion | |
| R3 | 100.00 | ** | congestion | S2 | 97.50 | * | congestion | |
| R2 | 99.00 | * | break level | S3 | 97.00 | * | congestion | |
| R1 | 98.50 | congestion | S4 | 96.38 | ** | 1 Jul YTD low |
Asterisk denotes strength of level
08:55 BST - The anticipated break above 98.50 has been pushed back from 98.70~, as overbought intraday studies unwind, with prices currently balanced in consolidation above congestion support at 98.00. Daily readings have turned mixed/negative, suggesting room for a test beneath here. But mixed weekly charts should limit initial scope in renewed consolidation above further congestion around 97.50. Meanwhile, resistance remains at congestion around 98.50 and extends to 99.00. This range should cap any immediate tests higher.