Published: 2026-05-21T07:48:12.000Z
Chart USD Index DXY Update: Cautious trade - studies improving
1
Little change, as prices extend consolidation following the test of congestion support at 99.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 100.64 | ** | 31 Mar YTD high | S1 | 99.00 | * | congestion | |
| R3 | 100.29 | * | 6 Apr (m) high | S2 | 98.50 | * | congestion | |
| R2 | 100.00 | ** | congestion | S3 | 98.00 | * | congestion | |
| R1 | 99.50 | * | congestion, gap high | S4 | 97.63 | ** | 17 Apr (m) low |
Asterisk denotes strength of level
08:30 BST - Little change, as prices extend consolidation following the test of congestion support at 99.00. Both daily and weekly readings are improving, suggesting room for further gains. A close above resistance at 99.50 will open up congestion around 100.00, where already overbought daily stochastics could prompt fresh consolidation. Meanwhile, support remains at congestion around 99.00. A test beneath here, if seen, should give way to consolidation above further congestion around 98.50.