Published: 2025-10-24T12:55:16.000Z
Chart USD Index DXY Update: Edging away from 99.00
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Cautious trade around congestion resistance at 99.00 is giving way to a pullback
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 100.26 | ** | 1 Aug (m) high | S1 | 98.50 | congestion | ||
| R3 | 100.00 | ** | congestion | S2 | 98.00 | * | congestion | |
| R2 | 99.56 | ** | 9 Oct (w) high | S3 | 97.50 | * | congestion | |
| R1 | 99.00 | * | congestion | S4 | 97.00 | * | congestion |
Asterisk denotes strength of level
13:35 BST - Cautious trade around congestion resistance at 99.00 is giving way to a pullback, as intraday studies turn down, with prices reaching 98.75~. Both daily stochastics and the daily Tension Indicator are turning down, highlighting room for a test of congestion support at 98.50. But rising weekly charts should limit any deeper losses in renewed buying interest/consolidation above 98.00. Meanwhile, a close above 99.00 will help to improve sentiment. But a further close above stronger resistance at the 99.56 weekly high of 9 October is needed to turn sentiment positive and extend mid-September gains towards 100.00/26.