Published: 2025-10-16T08:24:28.000Z
Chart USD Index DXY Update: Room for lower
1
Anticipated losses have reached congestion support at 98.50
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 100.26 | ** | 1 Aug (m) high | S1 | 98.50 | congestion | ||
| R3 | 100.00 | ** | congestion | S2 | 98.00 | * | congestion | |
| R2 | 99.56 | * | 9 Oct (w) high | S3 | 97.50 | * | congestion | |
| R1 | 99.00 | * | congestion | S4 | 97.00 | * | congestion |
Asterisk denotes strength of level
09:10 BST - Anticipated losses have reached congestion support at 98.50, where flat oversold intraday studies are prompting short-term reactions. Daily readings have turned down and overbought weekly stochastics are ticking lower, highlighting room for a break beneath here. Focus will then turn to further congestion around 98.00. But the rising weekly Tension Indicator is expected to limit any initial tests in consolidation. Meanwhile, resistance remains at congestion around 99.00 and should cap any immediate tests higher.