Published: 2025-05-22T05:35:54.000Z
Chart USD Index DXY Update: Consolidating losses from 102.00 high, room for lower later
Technical Analyst
1
Steadied at the 99.33 low to consolidate rejection from the 102.00 high of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 102.60 | * | 38.2% Jan/Apr fall | S1 | 99.00 | * | congestion | |
| R3 | 102.00 | ** | congestion, 12 May high | S2 | 98.00/92 | ** | congestion, 21 Mar YTD low | |
| R2 | 101.00 | * | congestion | S3 | 97.70 | * | 30 Mar 2022 low | |
| R1 | 100.00/15 | * | congestion, Sep low | S4 | 97.45 | * | 28 Jan 2022 high |
Asterisk denotes strength of level
05:30 GMT - Steadied at the 99.33 low to consolidate rejection from the 102.00 high of last week and unwind oversold intraday studies. However, negative daily studies keeps pressure firmly on the downside and see room for extension support at 99.00 congestion. Below this will return focus to the 98.00 level and 97.92, 21 March YTD low. Break here will extend the broader losses from 114.78, September 2022 multi-year high. Meanwhile, resistance remains at the 100.00/100.15, congestion and September 2024 year low, which is expected to cap.