Published: 2025-03-26T14:06:44.000Z
Chart USD Index DXY Update: Limited tests higher
Senior Technical Strategist
2
The minor pullback from resistance at the 104.39 high of 6 March has bounced from congestion support at 104.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 106.00 | ** | break level | S1 | 104.00 | * | congestion | |
| R3 | 105.85 | ** | 38.2% ret of Jan-Mar fall | S2 | 103.20 | ** | 18 Mar YTD low | |
| R2 | 105.00 | break level | S3 | 103.00 | * | congestion | ||
| R1 | 104.39 | 6 Mar high | S4 | 102.55 | ** | 76.4% ret of Sep-Jan rally |
Asterisk denotes strength of level
13:45 GMT - The minor pullback from resistance at the 104.39 high of 6 March has bounced from congestion support at 104.00, with prices once again pressuring 104.39. Intraday studies are rising and daily readings are also positive, highlighting room for a break above here. Focus will then turn to the 105.00 break level. However, already overbought daily stochastics and mixed/negative weekly charts are expected to limit any initial tests in renewed consolidation. Meanwhile, a break below 104.00, not yet seen, will add weight to sentiment and open up a test of the 103.20 current year low of 18 March.