Published: 2026-05-06T11:15:05.000Z
Chart USD Index DXY Update: Pressuring strong support
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Cautious trade has given way to anticipated losses
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 99.50 | * | congestion | S1 | 97.63 | ** | 17 Apr (m) low | |
| R3 | 99.00/18 | ** | congestion; 8 Apr high | S2 | 97.50 | ** | congestion; 61.8% ret | |
| R2 | 98.50 | * | congestion | S3 | 97.00 | ** | congestion | |
| R1 | 98.00 | * | congestion | S4 | 96.75 | ** | 76.4% ret of Jan-Mar rally |
Asterisk denotes strength of level
12:05 BST - Cautious trade has given way to anticipated losses, with prices currently consolidating the test of support at the 97.63 monthly low of 17 April. Intraday studies have turned down and daily readings are also under pressure, highlighting room for further losses in the coming sessions. A close beneath here will turn sentiment negative and extend late-March losses below 97.50 towards congestion around 97.00. Meanwhile, resistance is lowered to congestion around 98.00. A close back above here would help to stabilise price action and prompt consolidation beneath further congestion around 98.50.