Chart USD Index DXY Update: Fresh year high
Anticipated buying interest has reached the 100.54 monthly high of 13 March
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 102.00 | ** | break level, May 2025 high | S1 | 100.00 | ** | congestion | |
| R3 | 101.15 | ** | 38.2% ret of 2025-2026 fall | S2 | 99.50 | * | congestion | |
| R2 | 101.00 | * | congestion | S3 | 99.00 | ** | congestion | |
| R1 | 100.54 | ** | 13 Mar (m) high | S4 | 98.65 | * | 38.2% ret of Jan-Mar rally |
Asterisk denotes strength of level
08:50 BST - Anticipated buying interest has reached the 100.54 monthly high of 13 March, with prices extending to a fresh year high around 100.65 before settling into consolidation beneath 100.54. A minor pullback is possible, as intraday studies turn down. But rising daily readings and mixed/positive weekly charts should limit scope in renewed buying interest above congestion support at 100.00. Following cautious/corrective trade, fresh gains are looked for. A close above 100.54 will improve sentiment and extend late-January gains towards strong resistance at congestion around 101.00 and the 101.15 Fibonacci retracement. Meanwhile, a close below 100.00, if seen, will help to stabilise sentiment and prompt consolidation above further congestion around 99.50.