Published: 2026-07-28T08:12:56.000Z
Chart USD Index DXY Update: Cautious trade - studies improving
1
Cautious trade has given way to a bounce back to resistance at 101.50
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 102.85 | ** | 38.2% ret of 2025-2026 fall | S1 | 101.00 | ** | congestion base | |
| R3 | 102.00 | ** | congestion | S2 | 100.75 | congestion | ||
| R2 | 101.80 | ** | 24 Jun YTD high | S3 | 100.35 | * | 15 Jul (w) low | |
| R1 | 101.50 | intraday break level | S4 | 100.00/20 | ** | congestion; 38.2% ret |
Asterisk denotes strength of level
09:00 BST - Cautious trade has given way to a bounce back to resistance at 101.50, where mixed intraday studies are prompting fresh consolidation. Daily readings are positive and broader weekly charts are improving, suggesting room for further strength in the coming sessions. However, a close above the 101.80 current year high of 24 June is needed to turn sentiment positive and confirm continuation of January gains. Focus will then turn to the 102.85 Fibonacci retracement. Meanwhile, support remains down to 101.00 and should underpin any immediate setbacks.