Chart USD Index DXY Update: Cautious trade - daily studies under pressure
Little change, as prices extend cautious trade beneath congestion resistance at 102.00
| 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
08:40 BST - Little change, as prices extend cautious trade beneath congestion resistance at 102.00. Daily stochastics and the daily Tension Indicator remain under pressure, highlighting room for further losses in the coming sessions. A close below the 101.58 weekly low of 16 October would add weight to sentiment and extend mid-October losses towards the 101.30 Fibonacci retracement. However, already oversold daily stochastics and mixed/positive weekly charts should limit any initial tests in short-covering/consolidation.
Meanwhile, resistance remains at 102.00. A close back above here would help to stabilise sentiment and prompt fresh consolidation beneath further congestion around 102.50.