Daily chart: The USDX remains below the resistance level of 81.50. That level has remained very strong in recent days, so the USDX has not been able to progress more bullish on the road. If the USDX does make a breakout at that level, it would be expected to rise to the level of 82.51. The MACD indicator is entering negative territory.
H4 chart: The USDX continues to find support at the 81.58 level, where this instrument has made rebounds for many times to try to make a breakout at the level of 81.60, but without success. However, if the USDX does make a breakout at the 81.02 level, it is expected to fall to the support level of 80.60. The MACD indicator is in negative territory.
H1 chart: The USDX remains above the 200 SMA and the support level of 81.40, so it is very likely that this instrument will go up to the resistance level of 81.58. However, if the USDX does make a breakout at 81.40 level, it is expected to fall to the support level of 81.19. MACD indicator is in positive territory.
Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the USD Index breaks with a bullish candlestick; the resistance level is at 81.58, take profit is at 81.73, and stop loss is at 81.43.
