Published: 2026-07-07T08:09:42.000Z
Chart USD Index DXY Update: Cautious trade - daily studies leaning lower
1
The test above resistance at 101.00 has given way to selling interest around 101.15
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 102.00 | ** | congestion | S1 | 100.64 | ** | 31 Mar (m) high | |
| R3 | 101.80 | * | 24 Jun YTD high | S2 | 100.00 | ** | congestion | |
| R2 | 101.50 | intraday break level | S3 | 99.50 | * | congestion | ||
| R1 | 101.00 | ** | congestion base | S4 | 99.00 | ** | congestion |
Asterisk denotes strength of level
09:05 BST - The test above resistance at 101.00 has given way to selling interest around 101.15, and a pullback into fresh consolidation beneath 101.00. Daily readings continue to fall and overbought weekly stochastics are turning down, highlighting room for a test of support at the 100.64 monthly high of 31 March. A break beneath here will add weight to sentiment and open up congestion support at 100.00. But the positive weekly Tension Indicator and rising longer-term charts should limit any tests in renewed buying interest. Meanwhile, a close above 101.00 should give way to consolidation beneath resistance at 101.50.