Chart USD Index DXY Update: Leaning lower
Minor consolidation has given way to renewed selling interest
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 102.95/00 | ** | 14 Oct YTD high; congestion | S1 | 101.50 | * | break level | |
| R3 | 102.85 | ** | 50% ret of 2025-2026 fall | S2 | 101.30 | * | 38.2% ret of Aug-Oct rally | |
| R2 | 102.50 | congestion | S3 | 101.00 | ** | congestion | ||
| R1 | 102.00 | ** | congestion | S4 | 100.75 | * | 50% ret of Aug-Oct rally |
Asterisk denotes strength of level
08:50 GMT - Minor consolidation has given way to renewed selling interest, with prices currently pressuring support at 101.50. A break will open up the 101.30 Fibonacci retracement. But flat oversold intraday studies could limit any initial tests of this range in fresh consolidation, before deteriorating daily readings and mixed/negative weekly charts prompt a break. A later close below 101.30 will add weight to sentiment and extend losses from the 102.95 current year high of 14 October initially towards congestion around 101.00.
Meanwhile, resistance remains at congestion around 102.00. A close above here, if seen, will help to stabilise price action and give way to consolidation beneath further congestion around 102.50.