Published: 2025-06-11T08:17:43.000Z
Chart USD Index DXY Update: Cautious trade - background studies improving
Senior Technical Strategist
1
Still little change, as prices extend consolidation above support at 99.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 101.00 | * | break level | S1 | 99.00 | break level | ||
| R3 | 100.55 | * | 29 May (w) high | S2 | 98.35 | * | 5 Jun (w) low | |
| R2 | 100.00 | ** | congestion | S3 | 98.00 | * | congestion | |
| R1 | 99.50 | congestion | S4 | 97.70 | * | early-Mar 22 (w) low |
Asterisk denotes strength of level
09:05 BST - Still little change, as prices extend consolidation above support at 99.00. Intraday studies have ticked higher, highlighting room for a test of congestion resistance at 99.50. A break will open up further congestion around 100.00, but mixed daily readings are expected to limit any initial tests in fresh consolidation. Broader weekly charts are improving, highlighting potential for a later break towards the 100.55 weekly high of 29 May. Meanwhile, a close back below 99.00 would open up the 98.35 weekly low of 5 June, where fresh consolidation is expected to appear.