Chart USD Index DXY Update: Consolidating - room for a minor test lower
3
Little change, as prices extend cautious trade above congestion support at 99.00
Levels
Imp
Comment
Levels
Imp
Comment
R4
100.64
**
31 Mar YTD high
S1
99.00
*
congestion
R3
100.29
*
6 Apr (m) high
S2
98.50
*
congestion
R2
100.00
**
congestion
S3
98.00
*
congestion
R1
99.50
*
congestion, gap high
S4
97.63
**
17 Apr (m) low
Asterisk denotes strength of level
08:35 BST - Little change, as prices extend cautious trade above congestion support at 99.00. Daily stochastics and the daily Tension Indicator are turning down, highlighting room for a test beneath here. Focus will then turn to further congestion around 98.50. But rising weekly charts should limit any tests in renewed buying interest/consolidation. Meanwhile, resistance remains at 99.50 and should cap any immediate tests higher.