Published: 2025-10-08T08:14:36.000Z
Chart USD Index DXY Update: Poised for further gains
-
Anticipated gains have met selling interest just beneath congestion resistance at 99.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 100.65 | ** | 76.4% ret of May-Jul fall | S1 | 98.50 | congestion | ||
| R3 | 100.26 | ** | 1 Aug (m) high | S2 | 98.00 | * | congestion | |
| R2 | 100.00 | ** | congestion | S3 | 97.50 | * | congestion | |
| R1 | 99.00 | * | congestion | S4 | 97.00 | * | congestion |
Asterisk denotes strength of level
08:50 BST - Anticipated gains have met selling interest just beneath congestion resistance at 99.00, as overbought intraday studies unwind, with prices currently trading around 98.75. Daily readings continue to rise and broader weekly charts are also positive, highlighting room for a later break above here and extension of mid-September gains towards strong resistance at congestion around 100.00 and the 100.26 monthly high of 1 August. Meanwhile, support is raised to congestion around 98.50. A close beneath here, if seen, will turn sentiment neutral and prompt consolidation above further congestion around 98.00.