Published: 2025-08-29T08:08:31.000Z
Chart USD Index DXY Update: Cautious trade - daily studies leaning lower
Senior Technical Strategist
1
The anticipated break below 98.00 has bounced from 97.75~
| 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
08:55 BST - The anticipated break below 98.00 has bounced from 97.75~, with prices currently balanced just shy of 98.00. Daily readings are under pressure, highlighting room for fresh tests lower towards congestion support at 97.50. But mixed weekly charts should limit any immediate break in renewed consolidation above further congestion around 97.00. Meanwhile, a close back above congestion resistance at 98.00 would help to stabilise price action and prompt fresh consolidation beneath further congestion around 98.50.