Published: 2026-04-16T08:05:43.000Z
Chart USD Index DXY Update: Limited tests higher - studies under pressure
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Consolidation above 98.00 has given way to a test beneath here
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 100.00 | ** | congestion | S1 | 98.00 | ** | congestion | |
| R3 | 99.50 | * | congestion | S2 | 97.50 | ** | congestion; 61.8% ret | |
| R2 | 99.00/18 | ** | congestion; 8 Apr high | S3 | 97.35 | * | 23 Feb (w) low | |
| R1 | 98.50 | * | congestion | S4 | 97.00 | * | congestion |
Asterisk denotes strength of level
08:50 BST - Consolidation above 98.00 has given way to a test beneath here, with prices reaching 97.83 before bouncing back above 98.00. Rising intraday studies and flat oversold daily stochastics highlight room for a minor bounce. But the negative daily Tension Indicator and bearish weekly charts should limit scope in renewed selling interest beneath congestion resistance at 98.50. Following cautious/corrective trade, fresh losses are looked for. A close below 98.00 will add weight to sentiment and extend late-March losses towards 97.50.