Published: 2025-05-27T10:53:23.000Z
Chart USD Index DXY Update: Limited tests higher
Senior Technical Strategist
2
The break below 99.00 has bounced from 98.70~, as intraday studies turn higher
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 102.10 | ** | 61.8% ret of Mar-Apr fall | S1 | 99.00 | break level | ||
| R3 | 102.00 | ** | break level | S2 | 98.70~ | 26 May low | ||
| R2 | 101.00 | * | break level | S3 | 98.00 | * | congestion | |
| R1 | 100.00 | ** | congestion | S4 | 97.70 | * | early-Mar 22 (w) low |
Asterisk denotes strength of level
11:15 BST - The break below 99.00 has bounced from 98.70~, as intraday studies turn higher, with prices currently trading around 99.35. Focus is turning to congestion resistance at 100.00. But negative daily readings and mixed/negative weekly charts are expected to limit any initial tests in consolidation. A close above here, however, would improve price action and extend (corrective) gains towards 101.00. In the coming sessions, consolidation is looked for, with support at 99.00. A later break will add weight to sentiment and initially open up congestion around 98.00 and the 97.70 weekly low of early-March 2022.