USDX remains unchanged inside the current price action, as it approaches the end of the year. The 200 SMA at H1 chart is providing the path in the short-term, as the index keeps the bullish tone above that area. We can expect a slight decline toward the support zone of 102.56, but the overall target is pointing to the upside, targeting the 103.98 level.
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.
