USDX is still strong in the bullish bias across the board, following Wednesday's Fed interest rate decision and the index is still targeting the resistance zone of 103.98, where a breakout should happen in order to test the 104.69 level. However, if it manages to do a pullback at the current stage, then it can reach the 200 SMA, which is below the lower band of Bollinger.
H1 chart's resistance levels: 103.98 / 104.69
H1 chart's support levels: 102.56 / 101.40
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 103.98, take profit is at 104.69 and stop loss is at 103.26.
