The index managed to consolidate gains during Friday above the 200 SMA and it's expected to see a breakout above the 101.93 level, which should open the doors to test new higher levels. Before the last Federal Reserve's meeting of the year, USDX could start to trade sideways, capped by the strong resistance area of 101.93. If the index does a pullback at this stage, then it can test the 100.93 zone, which is a demand level.
H1 chart's resistance levels: 101.56 / 101.93
H1 chart's support levels: 100.93 / 100.43
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 101.56, take profit is at 101.93 and stop loss is at 101.18.
