At H1 chart, USDX made some gains and broke the psychological level of 93.00, as the Index is trying to extend the correction of the decline held from April 22 on a short-term basis. The short-term resistance is located at the 93.26 level, where a breakout higher will push the USDX to test the 93.52 level, which is also very close to the current 200 SMA position.
H1 chart's resistance levels: 93.26 / 93.52
H1 chart's support levels: 92.91 / 92.56
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 92.91, take profit is at 92.56, and stop loss is at 93.26.
