Published: 2025-04-04T13:10:01.000Z
Chart USD Index DXY Update: Consolidating sharp losses - studies under pressure
Senior Technical Strategist
1
Sharp losses have posted a fresh 2025 year low around 101.25
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 105.00 | break level | S1 | 102.00 | ** | break level | ||
| R3 | 104.68 | * | 26 Mar (w) high | S2 | 101.25~ | 3 Apr YTD low | ||
| R2 | 104.00 | * | congestion | S3 | 101.00 | * | congestion | |
| R1 | 103.20 | ** | 18 Mar (m) low | S4 | 100.16 | ** | 27 Sep 2024 (y) low |
Asterisk denotes strength of level
14:00 BST - Sharp losses have posted a fresh 2025 year low around 101.25, with prices bouncing from here to settle into choppy trade above support at 102.00. Rising intraday studies highlight room for a minor push higher. But negative daily readings and deteriorating weekly charts are expected to limit scope in renewed selling interest beneath the 103.20 monthly low of 18 March. Following cautious trade, fresh losses are looked for. A later break below 102.00 will open up 101.00, with room for continuation down to strong support at the 100.16 year low of 27 September 2024.