Chart USD Index DXY Update: Price action remains cautious
Anticipated tests lower have bounced from support at the 101.50 range highs and the 101.58 weekly low of 16 October
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 102.95/00 | ** | 14 Oct YTD high; congestion | S1 | 101.50/58 | * | range highs; 16 Oct (w) low | |
| R3 | 102.85 | ** | 50% ret of 2025-2026 fall | S2 | 101.30 | * | 38.2% ret of Aug-Oct rally | |
| R2 | 102.50 | congestion | S3 | 101.00 | ** | congestion | ||
| R1 | 102.00 | ** | congestion | S4 | 100.75 | ** | 50% ret of Aug-Oct rally |
Asterisk denotes strength of level
08:50 BST - Anticipated tests lower have bounced from support at the 101.50 range highs and the 101.58 weekly low of 16 October, with prices extending range trade within 101.50 - 102.00. Intraday studies are mixed and oversold daily stochastics are flattening, suggesting room for further cautious trade in the coming sessions. However, the daily Tension Indicator is under pressure, pointing room for a later break below 101.50 towards the 101.30 Fibonacci retracement. Mixed/positive weekly charts could limit any initial tests in fresh consolidation.
Meanwhile, resistance remains at congestion around 102.00. A close back above here would help to stabilise sentiment and prompt fresh consolidation beneath further congestion around 102.50.