Chart USD Index DXY Update: Limited tests lower
The pullback from 100.21 has bounced from 99.70~
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 101.15 | ** | 38.2% ret of 2025-2026 fall | S1 | 99.50 | * | congestion | |
| R3 | 100.64 | ** | 31 Mar YTD high | S2 | 99.00 | * | congestion | |
| R2 | 100.21 | * | 8 Jun high | S3 | 98.75 | 29 May (w) low | ||
| R1 | 100.00 | ** | congestion | S4 | 98.50 | * | congestion |
Asterisk denotes strength of level
09:15 BST - The pullback from 100.21 has bounced from 99.70~, with prices once again trading around 99.90. Intraday studies are under pressure and overbought daily stochastics are unwinding, highlighting room for further losses in the coming sessions. A break below 99.70 will open up congestion support around 99.50. But rising daily and weekly readings should limit any tests of here in renewed buying interest/consolidation above here. Following cautious/corrective trade, fresh gains are looked for. A close above the 100.21 high of 8 June will improve sentiment. But a further close above the 100.64 current year high of 31 March is needed to turn sentiment positive and extend mid-April gains towards the 101.15 Fibonacci retracement.