There are no major changes in the USDX structure as the USDX is still making rebounds above the support level of 94.40; and now we should highlight that a resistance is found around the 200 SMA price zone on the H1 chart. The decline could resume when the Index breaks out below the 94.40 level, with targets around the 93.95 level.
H1 chart's resistance levels: 94.85 / 95.12
H1 chart's support levels: 94.40 / 93.95
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 94.40, take profit is at 93.95, and stop loss is at 94.85.
