Published: 2025-03-28T06:57:38.000Z
Chart USD Index DXY Update: Lower in consolidation, room for deeper pullback
Technical Analyst
1
Settled back from the 104.68 high as prices consolidate bounce from the low of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 106.00/13 | ** | congestion, Jun high | S1 | 104.00 | * | congestion | |
| R3 | 105.85 | * | 38.2% Jan/Mar fall | S2 | 103.20 | ** | 18 Mar YTD low | |
| R2 | 105.00 | * | break level | S3 | 103.00 | * | congestion | |
| R1 | 104.68 | 26 Mar high | S4 | 102.55 | * | 76.4% Sep/Jan rally |
Asterisk denotes strength of level
06:45 GMT - Settled back from the 104.68 high as prices consolidate bounce from the low of last week. Daily studies are overbought and see risk for break of support at the 104.00 congestion. Below this will return focus to the downside and open up the 103.20, 18 March YTD low, to retest and further extend losses from the January high. Meanwhile, break above 104.68 high will see room for stronger corrective gains to the 105.00 level then the strong resistance at 105.85 Fibonacci level and extending to the 106.00/13 congestion and June high.