Chart USD Index DXY Update: Pushing higher
Cautious/choppy trade is giving way to anticipated gains
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 103.00 | ** | congestion | S1 | 101.50 | * | range highs | |
| R3 | 102.85 | ** | 50% ret of 2025-2026 fall | S2 | 101.00 | ** | congestion | |
| R2 | 102.00 | ** | congestion | S3 | 100.50 | break level | ||
| R1 | 101.80 | ** | 24 Jun YTD high | S4 | 100.00 | ** | congestion |
Asterisk denotes strength of level
09:20 BST - Cautious/choppy trade is giving way to anticipated gains, as intraday studies turn higher, with prices currently pressuring critical resistance at the 101.80 current year high of 24 June. Daily readings have ticked higher and broader weekly charts continue to rise, highlighting room for further gains in the coming sessions. A close above here will further improve sentiment and confirm continuation of broader January gains beyond congestion around 102.00 towards the 102.85 Fibonacci retracement.
Meanwhile, support is raised to 101.50. A close back beneath here, if seen, will help to stabilise sentiment and prompt consolidation within congestion above 101.00.