Published: 2025-08-12T08:57:28.000Z
Chart USD Index DXY Update: Consolidating
Senior Technical Strategist
2
Little change, as mixed intraday studies keep near-term sentiment cautious
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 100.65 | ** | 76.4% ret of May-Jul fall | S1 | 98.00 | * | congestion | |
| R3 | 100.54 | ** | 29 May (w) high | S2 | 97.00 | * | congestion | |
| R2 | 100.00 | ** | congestion | S3 | 96.50 | congestion | ||
| R1 | 99.00 | * | break level | S4 | 96.38 | ** | 1 Jul YTD low |
Asterisk denotes strength of level
09:35 BST - Little change, as mixed intraday studies keep near-term sentiment cautious and prompt consolidation around 98.50. Daily readings are mixed/negative, suggesting room for a drift lower towards congestion support at 98.00. But rising weekly charts should limit any initial tests in consolidation. A break, however, will add weight to sentiment and put focus on congestion around 97.00. Meanwhile, resistance remains at 99.00 and is expected to cap any immediate tests higher.