Published: 2025-12-16T09:12:19.000Z
Chart USD Index DXY Update: Leaning lower
2
Cautious trade is giving way to a drift lower
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 100.00 | ** | congestion | S1 | 98.00 | * | congestion | |
| R3 | 99.50 | * | break level | S2 | 97.80 | ** | 61.8% ret of Sep-Nov rally | |
| R2 | 99.00 | * | congestion | S3 | 97.50 | congestion | ||
| R1 | 98.50 | * | congestion | S4 | 97.20 | ** | 76.4% ret of Sep-Nov rally |
Asterisk denotes strength of level
09:00 GMT - Cautious trade is giving way to a drift lower, as intraday studies turn down, with focus on support at the 97.80 Fibonacci retracement and congestion around 98.00. Daily readings continue to track lower and broader weekly charts are falling, highlighting a bearish tone and room for a later break beneath here and extension of late-November losses towards congestion around 97.50. Meanwhile, resistance remains at congestion around 98.50. A close above here, if seen, would help to stabilise price action and prompt consolidation beneath further congestion around 99.00.