Published: 2025-10-21T08:11:01.000Z
Chart USD Index DXY Update: Edging higher
1
Consolidation around 988.50 is giving way to anticipated minor gains
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 100.26 | ** | 1 Aug (m) high | S1 | 98.50 | congestion | ||
| R3 | 100.00 | ** | congestion | S2 | 98.00 | * | congestion | |
| R2 | 99.56 | ** | 9 Oct (w) high | S3 | 97.50 | * | congestion | |
| R1 | 99.00 | * | congestion | S4 | 97.00 | * | congestion |
Asterisk denotes strength of level
08:55 BST - Consolidation around 988.50 is giving way to anticipated minor gains, with prices currently trading around 98.75. Rising intraday studies highlight room for a test of congestion resistance at 99.00. But mixed daily readings are expected to limit any initial tests in consolidation, before improving weekly charts prompt a break. Focus will then turn to stronger resistance at the 99.56 weekly high of 9 October. But already overbought weekly stochastics could prompt selling interest towards here. Meanwhile, any immediate tests below congestion support at 98.50 should give way to consolidation above further congestion around 98.00.