Published: 2025-09-15T08:14:57.000Z
Chart USD Index DXY Update: Consolidating - studies under pressure
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Little change, as prices extend consolidation above congestion support at 97.50
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 100.00 | ** | break level | S1 | 97.50 | * | congestion | |
| R3 | 99.00 | * | break level | S2 | 97.00 | * | congestion | |
| R2 | 98.50 | congestion | S3 | 96.38 | ** | 1 Jul YTD low | ||
| R1 | 98.00 | * | congestion | S4 | 96.00 | * | historic congestion |
Asterisk denotes strength of level
09:05 BST - Little change, as prices extend consolidation above congestion support at 97.50. Daily readings are ticking lower and broader weekly charts are also turning down, highlighting a deterioration in sentiment and room for fresh losses in the coming sessions. A break below 97.50 will open up further congestion around 97.00. But a close below critical support at the 96.38 current year low of 1 July is needed to confirm a more significant bear trend, as January losses then initiallt target congestion around 96.00. Meanwhile, any tests above congestion resistance at 98.00 should give way to consolidation beneath 98.50.