The USDX has been consolidated over the bearish trend line located at the level of 85.40, because this instrument had a bullish momentum yesterday during the session. The next target in the bullish road will be the resistance level of 86.01. In the H4 chart, the MACD remains in positive territory.
H4chart's resistance levels: 86.01 / 86.75
H4chart's support levels: 85.06 / 84.52
In the H1 chart, the USDX is trying to make a breakout at the level of 85.73, so this instrument could rise to the level of 85.95. In this chart, the USDX has consolidated above the 200-day moving average and the MACD indicator is entering neutral territory.
H1 chart's resistance levels: 85.95 / 86.17
H1 chart's support levels: 85.73 / 85.49
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 85.95, take profit is at 86.17, and stop loss is at 85.73.
