Published: 2025-05-28T10:29:37.000Z
Chart USD Index DXY Update: Cautious trade
Senior Technical Strategist
1
The anticipated run to congestion resistance at 100.00 has been pushed back from 99.87
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 102.10 | ** | 61.8% ret of Mar-Apr fall | S1 | 99.00 | break level | ||
| R3 | 102.00 | ** | break level | S2 | 98.70~ | 26 May low | ||
| R2 | 101.00 | * | break level | S3 | 98.00 | * | congestion | |
| R1 | 100.00 | ** | congestion | S4 | 97.70 | * | early-Mar 22 (w) low |
Asterisk denotes strength of level
11:05 BST - The anticipated run to congestion resistance at 100.00 has been pushed back from 99.87, as overbought intraday studies unwind, with prices currently trading around 99.50. Continuation down towards support at 99.00 cannot be ruled out. But unwinding oversold daily stochastics and the flattening bearish daily Tension Indicator are expected to limit any initial tests in consolidation, before bearish weekly charts prompt deeper losses. Meanwhile, resistance remains at 100.00. A close above here, if seen, is expected to give way to fresh consolidation beneath 101.00