Published: 2025-08-27T08:04:04.000Z
Chart USD Index DXY Update: Consolidating - studies improving
Senior Technical Strategist
1
Little change, as prices extend pressure on congestion resistance at 98.50
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 100.65 | ** | 76.4% ret of May-Jul fall | S1 | 98.00 | * | congestion | |
| R3 | 100.00 | ** | congestion | S2 | 97.50 | * | congestion | |
| R2 | 99.00 | * | break level | S3 | 97.00 | * | congestion | |
| R1 | 98.50 | congestion | S4 | 96.38 | ** | 1 Jul YTD low |
Asterisk denotes strength of level
08:50 BST - Little change, as prices extend pressure on congestion resistance at 98.50. Intraday studies are rising and daily readings have turned up, suggesting room for fresh gains in the coming sessions. A break above here will target 99.00. Still higher is congestion around 100.00. But already overbought weekly stochastics could limit any initial tests in consolidation. Meanwhile, support is at congestion around 98.00 and extends to 97.50. This range should underpin any immediate setbacks.