Published: 2026-09-08T08:06:19.000Z
Chart USD Index DXY Update: Strong support at 98.60
2
The anticipated break below 99.00 has reached 98.70~
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 100.00 | ** | congestion | S1 | 98.60 | ** | 76.4% ret of Apr-Jun rally | |
| R3 | 99.50 | ** | congestion | S2 | 97.95/00 | ** | 61.8% ret; congestion | |
| R2 | 99.20 | minor congestion | S3 | 97.63 | ** | 17 Apr - 6 May (m) lows | ||
| R1 | 99.00 | ** | congestion | S4 | 97.50 | ** | congestion |
Asterisk denotes strength of level
08:55 BST - The anticipated break below 99.00 has reached 98.70~, where a tick higher in intraday studies is prompting a bounce back to congestion resistance at 99.00. A test back above here cannot be ruled out. But deteriorating daily readings and mixed/negative weekly charts should limit scope in renewed selling interest in congestion within the 99.20 - 99.50 range.
Following cautious trade, fresh losses are looked for. Support remains at the 98.60 Fibonacci retracement. A close beneath here will add weight to sentiment and extend late-June losses towards strong support within the 97.95 retracement and congestion around 98.00.