Chart USD Index DXY Update: Fresh year high - studies improving
Anticipated gains have posted a fresh year high just above the 102.85 Fibonacci retracement and congestion around 103.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 104.00 | * | congestion | S1 | 102.50 | congestion | ||
| R3 | 103.50 | * | congestion | S2 | 102.00 | ** | congestion | |
| R2 | 103.00/08 | ** | congestion; fresh 2026 (y) high | S3 | 101.50 | * | break level | |
| R1 | 102.85 | ** | 50% ret of 2025-2026 fall | S4 | 101.00 | * | congestion |
Asterisk denotes strength of level
08:40 GMT - Anticipated gains have posted a fresh year high just above the 102.85 Fibonacci retracement and congestion around 103.00, with prices reaching 103.08 before settling into consolidation within 102.85/00. Daily stochastics and the daily Tension Indicator continue to rise and broader weekly charts are also improving, suggesting room for further strength in the coming sessions. A close above 102.85 will improve already positive price action and extend gains from the 95.55 current year low of 27 January initially towards congestion around 103.50.
Meanwhile, support is raised to congestion around 102.50. A close beneath here, if seen, will help to stabilise price action and prompt consolidation above further congestion around 102.00.