USDX is waiting for the US NFP numbers and today we can expect some action in the US Dollar across the board, as analysts are pricing a positive data. In the bullish scenario, we are targeting the 101.20 level as the next key area, while a pullback should lead the index to test the 100.00 handle. Also, the price action is showing that the markets are expecting for a catalyst that helps to break the range where the greenback had been trapped.
H1 chart's resistance levels: 100.73 / 101.20
H1 chart's support levels: 100.43 / 100.08
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 100.73, take profit is at 101.20, and stop loss is at 100.24.
