The USDX is finding support at the 200-day moving average and the bullish trend line near the 84.85 level. The USDX could begin to strengthen the bullish bias in the medium term, as the H4 chart, the USDX has formed a fractal in the support level of 84.52, so this instrument could be consolidated in bullish trend next week.
H4chart's resistance levels: 85.06 / 85.70
H4 chart's support levels: 84.52 / 83.86
On the H1 chart, the USDX remains below the 200 SMA, having found strong resistance at the level of 8527. The support level of 84.81 is very strong, because the USDX has tried several times to make a breakout in that area. Caution should be exercised power against the orders of the current trend because the USDX could conduct a breakout in the support level of 84.81 and falling to the level of 84.60.
H1 chart's resistance levels: 85.03 / 85.27
H1 chart's support levels: 84.81 / 84.60
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 84.81, take profit is at 84.60, and stop loss is at 85.03.
