Chart USD Index DXY Update: Resistance at 107.00

Asterisk denotes strength of level

13:55 GMT - The anticipated test above congestion around 106.50 has met selling interest beneath the 107.00 break level, as intraday studies turn mixed/negative, with prices once again trading below 106.50. Oversold daily stochastics continue to unwind, suggesting room for a fresh test above here. But the negative daily Tension Indicator and deteriorating weekly charts should prompt renewed selling interest towards 107.00. A break above here, however, would extend corrective gains towards 107.50, where stronger selling interest is looked for. Following corrective gains, fresh losses are looked for. A later break back below support at 106.00 will add weight to sentiment. But a further close below congestion support at 105.50 is needed to turn sentiment negative and extend November losses initially to further congestion around 105.00.