Published: 2025-09-22T06:00:20.000Z
Chart USD Index DXY Update: Extending corrective gains
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Extending gains from the 96.22 low of last week as prices correct losses from the 100.25, August high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 99.42 | * | Jun high | S1 | 97.00 | * | congestion | |
| R3 | 99.00 | * | congestion | S2 | 96.38 | ** | 1 Jul low | |
| R2 | 98.50 | * | congestion | S3 | 96.22 | ** | 17 Sep YTD low | |
| R1 | 98.00 | * | congestion | S4 | 96.00 | * | congestion |
Asterisk denotes strength of level
05:45 GMT - Extending gains from the 96.22 low of last week as prices correct losses from the 100.25, August high. The daily and weekly studies have turned up from oversold areas and suggest scope for extension to the 98.00 level. Break here will open up room for stronger gains to resistance at the 98.50/99.00 congestion. Corrective gains are expected to give way to fresh selling pressure later. Meanwhile, support is raised to the 97.00 congestion which should underpin and limit corrective pullback. Below this will return focus to critical support at 96.38/22 lows.