Published: 2026-05-13T07:59:46.000Z
Chart USD Index DXY Update: Pushing higher
2
Cautious trade is giving way to the anticipated test of congestion resistance at 98.50
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 100.00 | ** | congestion | S1 | 98.00 | * | congestion | |
| R3 | 99.50 | * | congestion | S2 | 97.63 | ** | 17 Apr (m) low | |
| R2 | 99.00/18 | ** | congestion; 8 Apr high | S3 | 97.50 | ** | congestion; 61.8% ret | |
| R1 | 98.50 | * | congestion | S4 | 97.00 | ** | congestion |
Asterisk denotes strength of level
08:45 BST - Cautious trade is giving way to the anticipated test of congestion resistance at 98.50. Rising intraday studies and improving daily readings highlight room for further gains, with a break above here opening up strong resistance at further congestion around 99.00 and the 99.18 high of 8 April. However, broader weekly charts are mixed/negative, suggesting any immediate tests of this range could give way to renewed consolidation, before improving longer-term charts prompt further gains. Meanwhile, support remains at congestion around 98.00 and should underpin any immediate setbacks.