Published: 2025-08-19T08:12:37.000Z
Chart USD Index DXY Update: Consolidating
Senior Technical Strategist
2
Little change, as prices extend consolidation following the break above 98.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 100.65 | ** | 76.4% ret of May-Jul fall | S1 | 98.00 | * | congestion | |
| R3 | 100.00 | ** | congestion | S2 | 97.50 | * | congestion | |
| R2 | 99.00 | * | break level | S3 | 97.00 | * | congestion | |
| R1 | 98.50 | congestion | S4 | 96.50 | congestion |
Asterisk denotes strength of level
08:55 BST - Little change, as prices extend consolidation following the break above 98.00. Intraday studies are turning down and daily readings are mixed/negative, highlighting potential for a break back beneath here towards congestion support at 98.00. Still lower is further congestion around 97.50. But mixed weekly charts should limit any initial tests in renewed consolidation. Meanwhile, resistance is at congestion around 98.50 and extends to 99.00. This range should cap any immediate tests higher.