Published: 2025-08-15T08:09:34.000Z
Chart USD Index DXY Update: Range trade
Senior Technical Strategist
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The test above congestion around 98.00 has met anticipated selling interest beneath congestion resistance at 98.50
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 100.00 | ** | congestion | S1 | 97.50 | * | congestion | |
| R3 | 99.00 | * | break level | S2 | 97.00 | * | congestion | |
| R2 | 98.50 | congestion | S3 | 96.50 | congestion | |||
| R1 | 98.00 | * | congestion | S4 | 96.38 | ** | 1 Jul YTD low |
Asterisk denotes strength of level
09:00 BST - The test above congestion around 98.00 has met anticipated selling interest beneath congestion resistance at 98.50, with prices currently balanced around 97.90. Intraday studies are turning down and daily readings are also under pressure, highlighting room for continuation down to congestion support at 97.50. But rising weekly charts should limit any deeper losses in renewed buying interest/consolidation towards further congestion around 97.00. Meanwhile, a close above 98.50 is needed to improve sentiment and put initial focus on 99.00.