Published: 2025-09-01T08:24:40.000Z
Chart USD Index DXY Update: Leaning lower
Senior Technical Strategist
1
Cautious trade around 98.00 has given way to a move lower
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 100.00 | ** | congestion | S1 | 97.50 | * | congestion | |
| R3 | 99.00 | * | break level | S2 | 97.00 | * | congestion | |
| R2 | 98.50 | congestion | S3 | 96.38 | ** | 1 Jul YTD low | ||
| R1 | 98.00 | * | congestion | S4 | 96.00 | ** | congestion |
Asterisk denotes strength of level
09:15 BST - Cautious trade around 98.00 has given way to a move lower, with prices current balanced around 97.65. Intraday studies have turned down and daily readings are also under pressure, highlighting room for a test of congestion support at 97.50. A break beneath here will open up further congestion around 97.00. But already oversold daily stochastics and mixed weekly charts could limit any initial tests in fresh consolidation. Meanwhile, resistance is at congestion around 98.00 and extends to further congestion around 98.50. This range should cap any immediate tests higher.