Published: 25/04/25 at 08:47 UTC
Chart USD Index DXY Update: Consolidating - limited tests higher
Senior Technical Strategist
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Little change, as mixed intraday studies keep near-term sentiment cautious
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 102.00 | ** | break level | S1 | 99.00 | break level | ||
| R3 | 101.00 | * | break level | S2 | 98.00 | * | congestion | |
| R2 | 100.16 | ** | 27 Sep 2024 (y) low | S3 | 97.70 | * | Feb-Mar 2022 break level | |
| R1 | 100.00 | ** | congestion | S4 | 96.50 | * | congestion |
Asterisk denotes strength of level
09:35 BST - Little change, as mixed intraday studies keep near-term sentiment cautious and extend consolidation beneath congestion resistance at 100.00. Daily readings continue to rise, suggesting room for a test higher. But negative weekly charts are expected to limit any break above the 100.00/16 barrier in renewed selling interest towards the 101.00 break level. Meanwhile, support remains at 99.00. A later break beneath here will add weight to sentiment and extend January losses initially towards 96.50.