USDX still finds resistance at the 96.27 level, where bulls abandoned attempts to consolidate higher. The next step for the index should be the 96.74 in the north side, while a pullback can drive a move towards the 200 SMA price zone around the 95.79. We can expect a bullish reaction in that area, as it can act as a dynamic support.
H1 chart's resistance levels: 96.27 / 96.74
H1 chart's support levels: 95.79 / 95.49
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 96.27, take profit is at 96.74 and stop loss is at 95.79.
