USDX continues to extend the strong decline below the 200 SMA on the H1 chart, which is also strongly pointing to the downside. Currently, the Index is finding a bottom around the 92.56 level, where a small rebound can happen to test the resistance at the 92.91 level, in a corrective way. The MACD indicator is still hovering on the neutral territory, which could be the indicator that a correction is coming soon.
H1 chart's resistance levels: 92.91 / 93.26
H1 chart's support levels: 92.56 / 91.91
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 92.56, take profit is at 91.91, and stop loss is at 93.20.
