Published: 2026-05-20T07:56:06.000Z
Chart USD Index DXY Update: Pushing higher
1
Cautious trade has given way to a drift higher
| 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
08:45 BST - Cautious trade has given way to a drift higher, as intraday studies turn higher, with prices currently balanced just beneath resistance at 99.50. Daily stochastics are flat in overbought areas, suggesting room for further consolidation, before the rising daily Tension Indicator and improving weekly charts prompt further gains. A close above 99.50 will open up congestion around 100.00, where fresh consolidation could appear. Meanwhile, support remains at congestion around 99.00. A test beneath here, if seen, should give way to consolidation above further congestion around 98.50.