USDX held a bullish tone during Thursday and it's trying to reach the resistance zone of 99.19 across the board. If the index does a breakout over there, then it's expected to rally towards the 99.70 level, opening the doors to visit the key zone of 100.00. However, if USDX manages to consolidate below the 200 SMA, it can reach the 98.00 psychological level.
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.
