The index is following a bullish structure across the board after the FOMC minutes was released during Wednesday's session, but we noticed a pullback made in the 98.01 area. If USDX breaks above the resistance level of 98.01, it can perform a rally towards the 98.48 level. MACD indicator is entering the negative territory.
H1 chart's resistance levels: 98.01 / 98.48
H1 chart's support levels: 97.36 / 96.74
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 98.01, take profit is at 98.48 and stop loss is at 97.54.
