Published: 2025-05-26T07:06:29.000Z
Chart USD Index DXY Update: Extending losses, focus on 98.00 low
Technical Analyst
3
Prices remain under pressure to extend losses from the 102.00 bounce high through the 99.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 102.00 | ** | congestion, 12 May high | S1 | 98.50 | intraday congestion | ||
| R3 | 101.00 | * | congestion | S2 | 98.00/92 | ** | congestion, 21 Apr YTD low | |
| R2 | 100.00/15 | * | congestion, Sep low | S3 | 97.70 | * | congestion | |
| R1 | 99.33 | * | 21 May low | S4 | 97.45 | * | Jan 2022 high |
Asterisk denotes strength of level
07:00 GMT - Prices remain under pressure to extend losses from the 102.00 bounce high through the 99.00 level. Break here open up room to the 98.50 congestion with potential for retest of the 98.00 level and 97.92, 21 April YTD low. Below the latter will extend the broader losses to retrace the 2021/2022 rally and see room to the 97.70/97.45, congestion and January 2022 high. Meanwhile, resistance is lowered to 99.33 low of 21 May ahead of the 100.00/100.15, congestion and September 2024 year low, which is expected to cap and sustain losses from the 102.00 corrective high.