Published: 2026-08-17T08:14:42.000Z
Chart USD Index DXY Update: Extending losses
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Choppy trade around 99.50 has given way to a break
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 100.75 | congestion | S1 | 99.20 | ** | 61.8% ret of Apr-Jun rally | ||
| R3 | 100.35 | ** | 15 Jul (w) low | S2 | 99.00 | ** | congestion | |
| R2 | 100.00 | ** | congestion | S3 | 98.60 | ** | 76.4% ret of Apr-Jun rally | |
| R1 | 99.50 | ** | congestion base | S4 | 98.00 | ** | congestion |
Asterisk denotes strength of level
09:05 BST - Choppy trade around 99.50 has given way to a break, as intraday studies turn down, with prices currently trading around 99.35. Immediate focus is on the 99.20 Fibonacci retracement. But a tick lower in daily readings and bearish weekly charts highlight room for a further break and continuation of late-June losses below congestion around 99.00 towards the 98.60 retracement. Already oversold daily stochastics could limit any initial tests in short-covering/consolidation.
Meanwhile, resistance is lowered to the 99.50 congestion base. A close above here, if seen, will turn sentiment neutral and prompt fresh consolidation beneath 100.00.