Published: 2026-05-18T08:04:29.000Z
Chart USD Index DXY Update: Consolidating gains
1
Anticipated gains have meeting selling interest around 99.40
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 100.64 | ** | 31 Mar YTD high | S1 | 99.00 | * | congestion | |
| R3 | 100.29 | * | 6 Apr (m) high | S2 | 98.50 | * | congestion | |
| R2 | 100.00 | ** | congestion | S3 | 98.00 | * | congestion | |
| R1 | 99.50 | * | congestion, gap high | S4 | 97.63 | ** | 17 Apr (m) low |
Asterisk denotes strength of level
08:50 BST - Anticipated gains have meeting selling interest around 99.40, as overbought intraday studies turn down, unwinding negative divergence, with focus turning to congestion support at 99.00. A test beneath here cannot be ruled out. But rising daily readings and mixed weekly charts should limit scope in renewed buying interest above further congestion around 98.50. Following cautious/corrective trade, fresh gains are looked for. However, a close above resistance at 99.50 is needed to improve sentiment and extend mid-April gains towards strong resistance at congestion around 100.00.