Published: 2025-10-06T08:18:54.000Z
Chart USD Index DXY Update: Pushing higher
6
Cautious trade is giving way to a sharp push higher
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 100.26 | ** | 1 Aug (m) high | S1 | 98.00 | * | congestion | |
| R3 | 100.00 | ** | congestion | S2 | 97.50 | * | congestion | |
| R2 | 99.00 | * | congestion | S3 | 97.00 | * | congestion | |
| R1 | 98.50 | congestion | S4 | 96.22 | ** | 17 Sep YTD low |
Asterisk denotes strength of level
09:10 BST - Cautious trade is giving way to a sharp push higher, with prices approaching congestion resistance at 98.50. Intraday studies have ticked higher and daily readings are rising, highlighting room for continuation beyond here towards further congestion around 99.00. However, already overbought intraday and daily stochastics are expected to limit any initial tests in consolidation, before rising weekly charts prompt further gains. Meanwhile, support is at congestion around 98.00. A close beneath here, if seen, will turn sentiment neutral and prompt consolidation above 97.50.