USDX is still blocked by the barrier around the 96.60 level, where a breakout should be expected to extend the rally towards the 97.74 level, which is the immediate resistance for the Index. However, a pullback could drive it to test the 200 SMA again on the H1 chart, where another rebound can happen, as a sideways range is still trapping the Index.
H1 chart's resistance levels: 96.60 / 97.74
H1 chart's support levels: 95.89 / 95.20
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 96.60, take profit is at 97.74 and stop loss is at 95.47.
