Published: 2026-09-02T08:23:55.000Z
Chart USD Index DXY Update: Pushing higher
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Consolidation above congestion support at 99.50 has given way to anticipated gains
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 101.50 | * | congestion | S1 | 99.50 | ** | congestion | |
| R3 | 101.00 | ** | congestion | S2 | 99.00 | ** | congestion | |
| R2 | 100.35 | * | 15 Jul (w) low | S3 | 98.60 | ** | 76.4% ret of Apr-Jun rally | |
| R1 | 100.00 | ** | congestion | S4 | 97.95/00 | ** | 61.8% ret; congestion |
Asterisk denotes strength of level
09:05 BST - Consolidation above congestion support at 99.50 has given way to anticipated gains, as intraday studies continue to improve, with prices drifting higher to 99.75. Daily stochastics and the daily Tension Indicator are positive, pointing to room for a test of congestion resistance at 100.00. But daily stochastics are also overbought, suggesting any immediate tests beyond here could be limited in profit-taking/consolidation beneath the 100.35 weekly low of 15 July.
Meanwhile, a close back below 99.50, if seen, will turn sentiment neutral and prompt consolidation above congestion support at 99.00.