Published: 2025-08-18T08:17:15.000Z
Chart USD Index DXY Update: Range extension
Senior Technical Strategist
1
Little change, as prices extend consolidation around congestion resistance at 98.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 100.00 | ** | congestion | S1 | 97.50 | * | congestion | |
| R3 | 99.00 | * | break level | S2 | 97.00 | * | congestion | |
| R2 | 98.50 | congestion | S3 | 96.50 | congestion | |||
| R1 | 98.00 | * | congestion | S4 | 96.38 | ** | 1 Jul YTD low |
Asterisk denotes strength of level
09:10 BST - Little change, as prices extend consolidation around congestion resistance at 98.00. Intraday studies are mixed/positive and oversold daily stochastics are flattening, suggesting room for a test above here. But the negative daily Tension Indicator and a tick lower in overbought weekly stochastics are expected to limit initial scope in renewed selling interest/consolidation towards further congestion around 98.50. Meanwhile, support remains at congestion around 97.50 and extends to 97.00. This range should underpin any immediate tests lower.