USDX did a strong pullback during yesterday's American session, following a journey of gains, but the index remains supported by the 98.53 level across the board. Overall, it's expected to see a rally attempt towards the 99.19 level, where a breakout should open the doors to visit the 99.70 level. MACD indicator is entering the negative territory, calling for another downside extension.
H1 chart's resistance levels: 99.19 / 99.70
H1 chart's support levels: 98.53 / 98.01
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 99.19, take profit is at 99.70 and stop loss is at 98.68.
