USDX is finding dynamic support around the 200 SMA at H1 chart and it could point to the upside in coming days. We're expecting a breakout above the resistance level of 96.32, that should also open the doors to test the 96.75 level. A decline to the 95.93 level is expected and one could expect another advance to find a bottom at the 95.93 level.
H1 chart's resistance levels: 96.32 / 96.75
H1 chart's support levels: 95.93 / 95.51
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 96.32, take profit is at 96.75 and stop loss is at 95.90.
