Published: 2025-05-20T06:43:39.000Z
Chart USD Index DXY Update: Weighing on 100.15/100.00 support, break in focus
Technical Analyst
1
Under pressure as prices extend rejection from the 102.00 resistance to pressure strong support at the 100.15/100.00 congestion
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 103.00/20 | ** | congestion, Mar low | S1 | 100.15/00 | ** | Sep low, congestion | |
| R3 | 102.60 | * | 38.2% Jan/Apr fall | S2 | 99.00 | * | congestion | |
| R2 | 102.00 | ** | congestion, 12 May high | S3 | 98.00/92 | ** | congestion, 21 Mar YTD low | |
| R1 | 101.00 | * | congestion | S4 | 97.70 | * | 30 Mar 2022 low |
Asterisk denotes strength of level
06:35 GMT - Under pressure as prices extend rejection from the 102.00 resistance to pressure strong support at the 100.15/100.00 congestion area. ow the 101.00. Daily studies are unwinding overbought areas and suggest risk for break to open up room for deeper pullback to support at 99.00 congestion. Meanwhile, resistance is lowered to the 101.00 level which is expected to cap and sustain pullback from the 102.00 resistance. Above the 101.00/102.00 area will further extend gains from the April YTD low to retrace the January/April losses.