Chart USD Index DXY Update: Fresh year highs
Minor consolidation around 99.75 has given way to anticipated gains
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 102.00 | * | congestion | S1 | 100.00 | ** | congestion | |
| R3 | 101.15 | ** | 38.2% ret of 2025-2026 fall | S2 | 99.50 | * | congestion | |
| R2 | 101.00 | * | congestion | S3 | 99.00 | ** | congestion | |
| R1 | 100.40 | ** | 21 Nov (m) high | S4 | 98.50 | * | congestion |
Asterisk denotes strength of level
08:55 GMT - Minor consolidation around 99.75 has given way to anticipated gains, with the break above 100.00 posting fresh 2026 year highs just beneath critical resistance at the 100.40 monthly high of 21 November. Daily readings continue to rise and broader weekly charts are positive, highlighting room for still further strength in the coming sessions. A close above 100.40 will confirm a significant low in place at the 95.55 current year low of 27 January, and extend late-January gains towards resistance at congestion around 101.00 and the 101.15 multi-month Fibonacci retracement. Already overbought daily stochastics could limit any initial tests of this range in profit-taking/consolidation. Meanwhile, a close back below 100.00 would help to stabilise sentiment and prompt consolidation above congestion around 99.50.