Published: 2026-05-11T08:03:44.000Z
Chart USD Index DXY Update: Further consolidation - background studies under pressure
1
Little change, as prices extend consolidation around congestion support at 98.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 100.00 | ** | congestion | S1 | 98.00 | * | congestion | |
| R3 | 99.50 | * | congestion | S2 | 97.63 | ** | 17 Apr (m) low | |
| R2 | 99.00/18 | ** | congestion; 8 Apr high | S3 | 97.50 | ** | congestion; 61.8% ret | |
| R1 | 98.50 | * | congestion | S4 | 97.00 | ** | congestion |
Asterisk denotes strength of level
08:50 BST - Little change, as prices extend consolidation around congestion support at 98.00, following a test beneath here. Daily readings are mixed/negative and broader weekly charts are under pressure, highlighting room for fresh losses in the coming sessions. A break back below 98.00 will open up the 97.63 monthly low of 17 April. A close beneath here will turn sentiment negative and extend late-March losses below 97.50 towards congestion around 97.00. Meanwhile, resistance is up to congestion around 98.50 and should cap any immediate tests higher.