Chart USD Index DXY Update: Consolidating losses - daily studies under pressure
Anticipated losses have found support just above the 101.50 range highs at 101.58
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 102.95/00 | ** | 14 Oct YTD high; congestion | S1 | 101.50/58 | * | range highs; 16 Oct (w) low | |
| R3 | 102.85 | ** | 50% ret of 2025-2026 fall | S2 | 101.30 | * | 38.2% ret of Aug-Oct rally | |
| R2 | 102.50 | congestion | S3 | 101.00 | ** | congestion | ||
| R1 | 102.00 | ** | congestion | S4 | 100.75 | ** | 50% ret of Aug-Oct rally |
Asterisk denotes strength of level
08:40 BST - Anticipated losses have found support just above the 101.50 range highs at 101.58, as oversold intraday studies turn higher, with prices currently balanced beneath congestion resistance at 102.00. Daily stochastics and the daily Tension Indicator continue to track lower, highlighting room for further losses in the coming sessions. A close below the 101.58 weekly low of 16 October would add weight to sentiment and extend mid-October losses towards the 101.30 Fibonacci retracement. However, already oversold daily stochastics and mixed/positive weekly charts should limit any initial tests in short-covering/consolidation.
Meanwhile, resistance remains at congestion around 102.00. A close back above here would help to stabilise sentiment and prompt fresh consolidation beneath congestion around 102.50.