The index posted a fresh multi-month high, following a bullish momentum gained during yesterday's session. We're now seeing a consolidation below the resistance level of 96.74 where a breakout should happen in order to reach the 97.36 level across the board, while a pullback should be taken as a corrective move towards the support level of 96.27 in a first degree.
H1 chart's resistance levels: 96.74 / 97.36
H1 chart's support levels: 96.27 / 95.79
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 96.74, take profit lies at 97.36 and stop loss is at 96.15.
