Chart USD Index DXY Update: Further range extension
Little change, as mixed intraday studies keep near-term sentiment cautious and extend consolidation within the 99.00 - 100.00/16 range
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 102.00 | ** | break level | S1 | 99.00 | break level | ||
| R3 | 101.00 | * | break level | S2 | 98.00 | * | congestion | |
| R2 | 100.16 | ** | 27 Sep 2024 (y) low | S3 | 97.70 | * | Feb-Mar 2022 break level | |
| R1 | 100.00 | ** | congestion | S4 | 96.50 | * | congestion |
Asterisk denotes strength of level
10:45 BST - Little change, as mixed intraday studies keep near-term sentiment cautious and extend consolidation within the 99.00 - 100.00/16 range. Overbought daily stochastics are turning down, suggesting room for a test lower in the coming sessions. But the rising daily Tension Indicator and a tick higher in oversold weekly stochastics are expected to limit scope in renewed buying interest towards support at 99.00. Following any corrective trade, fresh gains are looked for. But a close above 100.00/16 is needed to turn sentiment positive and extend late-April gains towards resistance at 101.00.