Published: 2025-06-02T08:19:17.000Z
Chart USD Index DXY Update: Under pressure
Senior Technical Strategist
2
Cautious trade is giving way to fresh losses
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 102.00 | ** | break level | S1 | 98.70~ | 26 May low | ||
| R3 | 101.00 | * | break level | S2 | 98.00 | * | congestion | |
| R2 | 100.00 | ** | congestion | S3 | 97.70 | * | early-Mar 22 (w) low | |
| R1 | 99.00 | break level | S4 | 96.50 | ** | congestion |
Asterisk denotes strength of level
09:10 BST - Cautious trade is giving way to fresh losses, as intraday studies turn down, with the break below 99.00 currently trading around 98.70. Daily readings have turned negative and broader weekly charts are coming under pressure, highlighting room for continuation down to the 97.70 weekly low of early-March 2022 and congestion around 98.00. A further close beneath here will turn sentiment outright negative and extend September 2022 losses initially towards congestion around 96.50. Meanwhile, a close back above 99.00 will turn sentiment neutral once again and give way to consolidation beneath 100.00.