The index was favored by the bulls on Friday after US NFP numbers give a boost to the greenback and helped to keep it supported ahead of the weekend. The resistance level of 92.62 is now being challenged and if such level gives up, then we can expect further gains toward the 93.42 level, as the nearest target to the upside. MACD indicator remains in the positive territory favoring to the bulls.
H1 chart's resistance levels: 92.62 / 93.42
H1 chart's support levels: 91.86 / 90.46
Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the USD Index breaks with a bearish candlestick; the support level is at 9262, take profit is at 93.42 and stop loss is at 91.84.
