Daily chart: The USDX has made a pullback on the resistance level of 80.62 and now the USDX is trying to consolidate below the 200-day moving average, so that the next target would be the support level of 80.11. If the USDX does make a breakout at that level, it would be expected to fall to the level of 79.19. The MACD indicator is in negative territory.
H4 chart: The USDX has fallen to where it is located the 200 SMA at the support level of 80.34. If the USDX does make a breakout at that level, it would be expected to fall to the level of 80.24. However, it is very likely that the USDX find support in the 200 SMA. MACD is in negative territory.
H1 chart: The USDX is trying to form a higher low pattern below the 200 SMA, because the USDX made a successful breakout level of 80.59. If the USDX does make a breakout at the level of 80.35, it's expected to fall to the level of 80.15. The MACD indicator is in negative territory.
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 80.59, take profit is at 80.35, and stop loss is at 80.83.
