Published: 2025-12-29T09:22:30.000Z
Chart USD Index DXY Update: Cautious trade - background studies under pressure
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Little change, as prices consolidate the test of support within the 97.80 Fibonacci retracement and congestion around 98.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 99.31 | * | 9 Dec (w) high | S1 | 98.00 | * | congestion | |
| R3 | 99.00 | * | congestion | S2 | 97.80 | ** | 61.8% ret of Sep-Nov rally | |
| R2 | 98.75 | * | 19 Dec (w) high | S3 | 97.50 | congestion | ||
| R1 | 98.50 | * | congestion | S4 | 97.20 | ** | 76.4% ret of Sep-Nov rally |
Asterisk denotes strength of level
09:05 GMT - Little change, as prices consolidate the test of support within the 97.80 Fibonacci retracement and congestion around 98.00. Daily readings are mixed, suggesting potential for cautious trade in the coming sessions, before negative weekly charts prompt fresh losses. A later close below 97.80 will add weight to sentiment and extend November losses initially towards congestion around 97.50. Meanwhile, resistance remains at congestion around 98.50, and should cap any immediate tests higher.