Published: 2025-09-24T06:32:38.000Z
Chart USD Index DXY Update: Extend consolidation below 98.00 level
1
Little change, as prices extend consolidation below the 98.00 resistance following bounce from the 96.22 low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 99.42 | * | Jun high | S1 | 97.00 | * | congestion | |
| R3 | 99.00 | * | congestion | S2 | 96.38 | ** | 1 Jul low | |
| R2 | 98.50 | * | congestion | S3 | 96.22 | ** | 17 Sep YTD low | |
| R1 | 98.00 | * | congestion | S4 | 96.00 | * | congestion |
Asterisk denotes strength of level
06:30 GMT - Little change, as prices extend consolidation below the 98.00 resistance following bounce from the 96.22 low. Daily and weekly studies are tracking higher from oversold areas and suggest scope for extension to the 98.00 level, where break will open up room for stronger gains to retrace the August/September losses. Higher will see room to congestion at the 98.50/99.00 area. Corrective gains are expected to give way to selling pressure, below the 97.00 congestion will return focus to critical support at the 96.38/22 lows.