The US Dollar index is waiting for the US presidential elections results with bullish moves above the 200 SMA at H1 chart, that should be capped by the 98.00 psychological level. The path is clear: if we see Clinton's victory in most of the battleground states, the index may break above the resistance level of 98.65, pointing to the 99.50 zone as the first target. However, if Donald Trump gets the presidency, USDX can perform a strong decline towards 94.00 at least.
H1 chart's resistance levels: 98.01 / 98.65
H1 chart's support levels: 97.62 / 97.12
Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the USD Index breaks with a bearish candlestick; the support level is at 97.62, take profit is at 97.12 and stop loss is at 98.12.
