Chart USD Index DXY Update: Turning away from fresh year high
The break above the 100.64 monthly high of 31 March has posted a fresh year high just beneath strong resistance at the 101.15 Fibonacci retracement
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 103.00 | minor congestion | S1 | 100.64 | ** | 31 Mar (m) high | ||
| R3 | 102.85 | ** | 50% ret of 2025-2026 fall | S2 | 100.00 | ** | congestion | |
| R2 | 102.00 | ** | congestion | S3 | 99.50 | * | congestion | |
| R1 | 101.15 | ** | 38.2% ret of 2025-2026 fall | S4 | 99.00 | * | congestion |
Asterisk denotes strength of level
10:50 BST - The break above the 100.64 monthly high of 31 March has posted a fresh year high just beneath strong resistance at the 101.15 Fibonacci retracement, with prices falling sharply towards 100.64. Overbought intraday studies are unwinding, highlighting room for a test beneath here. But rising daily readings and positive weekly charts should limit scope in renewed buying interest/consolidation above congestion support at 100.00. Following cautious/corrective trade, fresh gains are looked for. A close above 101.15 will improve sentiment and extend January gains initially towards congestion around 102.00.