Chart USD Index DXY Update: Edging higher in range
Consolidation at support within the 101.50 range highs and the 101.58 weekly low of 16 October is giving way to a bounce
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 102.95/00 | ** | 14 Oct YTD high; congestion | S1 | 101.50/58 | * | range highs; 16 Oct (w) low | |
| R3 | 102.85 | ** | 50% ret of 2025-2026 fall | S2 | 101.30 | * | 38.2% ret of Aug-Oct rally | |
| R2 | 102.50 | congestion | S3 | 101.00 | ** | congestion | ||
| R1 | 102.00 | ** | congestion | S4 | 100.75 | ** | 50% ret of Aug-Oct rally |
Asterisk denotes strength of level
08:40 BST - Consolidation at support within the 101.50 range highs and the 101.58 weekly low of 16 October is giving way to a bounce, as intraday studies turn higher, with prices currently trading around 101.75. Oversold daily stochastics are also ticking higher, suggesting room for continuation towards congestion resistance at 102.00. But the bearish daily Tension Indicator and a tick lower in overbought weekly stochastics should limit any initial tests in fresh consolidation.
Meanwhile, a close below 101.50/58 would add weight to sentiment and extend losses from the 102.95 current year high of 14 October towards the 101.30 Fibonacci retracement. Already oversold daily stochastics could limit any initial tests in consolidation.