Published: 2025-05-19T06:16:11.000Z
Chart USD Index DXY Update: Extending pullback below 101.00
Technical Analyst
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Lower in consolidation as prices extend pullback from the 102.00 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 103.00/20 | ** | congestion, Mar low | S1 | 100.15/00 | ** | Sep low, congestion | |
| R3 | 102.60 | * | 38.2% Jan/Apr fall | S2 | 99.00 | * | congestion | |
| R2 | 102.00 | ** | congestion, 12 May high | S3 | 98.00/92 | ** | congestion, 21 Mar YTD low | |
| R1 | 101.00 | * | congestion | S4 | 97.70 | * | 30 Mar 2022 low |
Asterisk denotes strength of level
06:10 GMT - Lower in consolidation as prices extend pullback from the 102.00 resistance below the 101.00. Daily studies are mixed and see room for pullback to strong support at the 100.15/00 area which is expected to underpin. Break here open up room for deeper pullback to support at 99.00 congestion. Meanwhile, a close above 101.00 is needed to set up scope for retest of resistance at the 102.00 congestion. Clearance will further extend gains from the April YTD low at 97.92 to retrace the January/April losses.