USDX continues to post fresh highs and the psychological level of 95.00 could be challenged soon. That should open the doors to test the 95.53 level, as the price action remains in favor of the bulls. However, a pullback should take the index towards the 200 SMA on the H1 chart, where a demand force can be found.
H1 chart's resistance levels: 94.88 / 95.53
H1 chart's support levels: 93.91 / 93.12
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 94.88, take profit is at 95.53, and stop loss is at 94.22.
