Chart USD Index DXY Update: Drifting higher in range
Little change, as mixed intraday studies keep near-term sentiment cautious
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 102.95/00 | ** | 14 Oct YTD high; congestion | S1 | 101.50/58 | * | range highs; 16 Oct (w) low | |
| R3 | 102.85 | ** | 50% ret of 2025-2026 fall | S2 | 101.30 | * | 38.2% ret of Aug-Oct rally | |
| R2 | 102.50 | congestion | S3 | 101.00 | ** | congestion | ||
| R1 | 102.00 | ** | congestion | S4 | 100.75 | ** | 50% ret of Aug-Oct rally |
Asterisk denotes strength of level
08:45 GMT - Little change, as mixed intraday studies keep near-term sentiment cautious and extend consolidation around 101.75. Oversold daily stochastics are ticking higher, suggesting room for continuation towards congestion resistance at 102.00. But the bearish daily Tension Indicator and a tick lower in overbought weekly stochastics should limit any initial tests in fresh consolidation.
Meanwhile, support remains at the 101.50 range highs and the 101.58 weekly low of 16 October. A close beneath here would add weight to sentiment and extend losses from the 102.95 current year high of 14 October towards the 101.30 Fibonacci retracement. Already oversold daily stochastics could limit any initial tests in consolidation.