Published: 2024-04-15T13:09:28.000Z
Chart USD Index DXY Update: Balanced at highs - daily studies overstretched
Senior Technical Strategist
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Little change, as prices extend consolidation at fresh year highs around congestion resistance at 106.00
Levels | Imp | Comment | Levels | Imp | Comment | |||
---|---|---|---|---|---|---|---|---|
R4 | 108.00 | * | congestion | S1 | 105.00 | ** | break level | |
R3 | 107.15/35 | ** | 50% ret of Sep-Jul fall; 3 Oct 2023 (y) high | S2 | 104.50 | break level | ||
R2 | 106.50 | * | congestion | S3 | 104.00 | * | congestion | |
R1 | 106.00 | ** | congestion | S4 | 103.50 | * | congestion |
Asterisk denotes strength of level
14:05 BST - Little change, as prices extend consolidation at fresh year highs around congestion resistance at 106.00. The daily Tension Indicator is positive, suggesting potential for a test above here. However, overbought daily stochastics are flattening and weekly readings are also overstretched, suggesting potential for profit-taking/consolidation towards congestion around 106.50. Meanwhile, support remains down to 105.00 and should underpin any immediate setbacks.