Published: 2025-03-31T13:06:58.000Z
Chart USD Index DXY Update: Room for lower in the coming sessions
Senior Technical Strategist
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The pullback from the 104.68 weekly high of 26 March has met buying interest around 103.75
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 106.00 | ** | break level | S1 | 104.00 | * | congestion | |
| R3 | 105.85 | ** | 38.2% ret of Jan-Mar fall | S2 | 103.20 | ** | 18 Mar YTD low | |
| R2 | 105.00 | break level | S3 | 103.00 | * | congestion | ||
| R1 | 104.68 | * | 26 Mar (w) high | S4 | 102.55 | ** | 76.4% ret of Sep-Jan rally |
Asterisk denotes strength of level
13:55 BST - The pullback from the 104.68 weekly high of 26 March has met buying interest around 103.75, as oversold intraday studies unwind, with prices currently balanced back above congestion support at 104.00. Overbought daily stochastics are unwinding and the rising daily Tension Indicator is attempting to flatten, suggesting 104.68 should cap any immediate immediate further gains. In the coming sessions, further losses are highlighted. But flat oversold weekly stochastics are expected to limit any renewed tests below 104.00 in consolidation above critical support at the 103.20 current year low of 18 March.