The index remained supported by the 102.56 level across the board, as we are seeing that the bullish tone is still present on the overall price action. The resistance zone of 103.98 is still the closest target to the upside, but we expect to see very slow moves in upcoming sessions, as the New Year's holidays are coming. The MACD indicator is in positive territory, favoring the bullish scenario.
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.
