At the H4 chart, the USDX made a strong rebound on the support level of 87.35, so far, the USDX is trying again to make a breakout at the 87.93 level. This bullish momentum could help strengthen the current bullish trend in the medium term for this instrument.
H4chart's resistance levels: 87.93 / 88.65
H4chart's support levels: 87.35 / 87.00
In the H1 chart, the USDX achieved complete a bearish gap left at the 87.46 level and now the pair has made a successful breakout at the level of 87.58. The bullish road, the resistance level of 87.86 could exert pressure on this instrument. The MACD indicator remains in positive territory.
H1 chart's resistance levels: 87.86 / 88.15
H1 chart's support levels: 87.58 / 87.28
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 87.86, take profit is at 88.15, and stop loss is at 87.57.
