Chart USD Index DXY Update: Pressuring strong resistance at 100.00/26
The anticipated test of strong resistance at congestion around 100.00 and the 100.26 monthly high of 1 August is giving way to consolidation
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 100.65 | ** | 76.4% ret of May-Sep fall | S1 | 99.50 | * | break level | |
| R3 | 100.54 | ** | 29 May (w) high | S2 | 99.00 | * | congestion | |
| R2 | 100.26 | ** | 1 Aug (m) high | S3 | 98.50 | * | congestion | |
| R1 | 100.00 | ** | congestion | S4 | 98.00 | * | congestion |
Asterisk denotes strength of level
09:00 GMT - The anticipated test of strong resistance at congestion around 100.00 and the 100.26 monthly high of 1 August is giving way to consolidation, as intraday studies turn mixed. Daily stochastics and the daily Tension Indicator continue to rise, however, highlighting room for further strength in the coming sessions. A break above here will improve sentiment and extend mid-September gains towards the 100.65 Fibonacci retracement, where mixed weekly charts could prompt fresh selling interest/consolidation. Meanwhile, support remains down to the 99.50 break level, and should underpin any immediate tests lower.