Published: 2025-11-28T05:15:49.000Z
Chart USD Index DXY Update: Consolidating, but room for deeper pullback
1
Edged up from the 99.40 low as prices consolidate pullback from the 100.40 high of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 101.00 | * | congestion | S1 | 99.00 | * | congestion | |
| R3 | 100.54 | 29 May high | S2 | 98.56 | * | 28 Oct low | ||
| R2 | 100.40 | ** | 21 Nov high | S3 | 98.00 | * | April low, congestion | |
| R1 | 100.00 | * | congestion | S4 | 97.46 | * | 1 Oct low |
Asterisk denotes strength of level
05:10 GMT - Edged up from the 99.40 low as prices consolidate pullback from the 100.40 high of last week. Daily studies are tracking lower and suggest consolidation giving way to renewed selling pressure later. Lower will see room to support at the 99.00 congestion. Break here will confirm a double top at the 100.36/100.40 highs and further retrace gains from the 96.22, September YTD low. Lower will see potential to the 98.56 support then 98.00 April low and congestion area. Meanwhile, resistance at the 100.00 level is expected to cap and sustain losses from the 100.40 high.