Daily chart: The USDX has found strong support at the 79.19 level, which has formed a fractal. It is likely that the USDX rises to the resistance level of 80.11. Furthermore, there is still the possibility that USDX starts to form a higher low pattern above this support level. If the USDX manages to break the resistance at the 80.11 level, it would be expected to rise to the level of 80.62. The MACD indicator remains in neutral territory, so we must be cautious.
H4 chart: The USDX is trying to break the resistance at the 79.63 level. If the USDX manages to break that level, it is expected to rise to the level of 80.06. On the other hand, if the USDX makes a bearish rebound at current levels, it would be expected to fall to the bearish trend line near the 78.95 level in the medium term. The MACD indicator is entering extremely overbought zone and continue in positive territory.
H1 chart: The USDX is consolidating above the 200-day moving average. Now, the USDX is trying to break the resistance at the 79.64 level and if it can break it, it is expected to rise to the level of 79.88. On the other hand, if the USDX makes a bearish rebound at current levels, it would be expected to fall to support at the 79.39 level. The MACD indicator is in extreme overbought zone and entering negative territory.
Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the USDX Index breaks a bullish candlestick; the resistance level is at 79.64, take profit is at 79.88, and stop loss is at 79.41.
