Published: 2025-08-21T08:16:54.000Z
Chart USD Index DXY Update: Cautious trade
Senior Technical Strategist
3
Little change, as the drift higher to congestion resistance at 98.50 gives way to consolidation around 98.25
| 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 | 96.50 | congestion |
Asterisk denotes strength of level
09:05 BST - Little change, as the drift higher to congestion resistance at 98.50 gives way to consolidation around 98.25. Daily readings continue to track higher, highlighting room for a retest of 98.50. But a tick lower in overbought weekly stochastics is expected to limit any break in renewed selling interest beneath 99.00. Meanwhile, support remains at congestion around 98.00. A break beneath here, if seen, will open up further congestion around 97.50, where renewed consolidation is looked for.