USDX had a bearish session during Friday following the US NFP data release and the 200 SMA is getting closer to the current price. Such area can provide a temporary bottom for the index in order to re-test the resistance level of 90.63, which is the last hurdle ahead of the 91.75 zone. A bearish continuation should be blocked by the buyers at 89.36.
H1 chart's resistance levels: 90.63 / 91.75
H1 chart's support levels: 89.36 / 87.88
Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the USD Index breaks with a bearish candlestick; the support level is at 89.36, take profit is at 87.88 and stop loss is at 90.81.
