Published: 2025-08-06T08:16:33.000Z
Chart USD Index DXY Update: Cautious trade
Senior Technical Strategist
3
Still little change, as prices extend cautious trade beneath resistance at 99.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 100.65 | ** | 76.4% ret of May-Jul fall | S1 | 98.00 | * | congestion | |
| R3 | 100.54 | ** | 29 May (w) high | S2 | 97.00 | * | congestion | |
| R2 | 100.00 | ** | congestion | S3 | 96.50 | congestion | ||
| R1 | 99.00 | * | break level | S4 | 96.38 | ** | 1 Jul YTD low |
Asterisk denotes strength of level
09:10 BST - Still little change, as prices extend cautious trade beneath resistance at 99.00. Negative daily stochastics are flattening, suggesting potential for a test above here. But the flat daily Tension Indicator and flattening overbought weekly stochastics are expected to limit scope in renewed selling interest beneath congestion around 100.00. Meanwhile, support remains down to congestion around 98.00. The positive weekly Tension Indicator should limit any initial tests in fresh consolidation.