USDX posted strong gains during Thursday's session, consolidating its price action above the 200 SMA at H1 chart. The next hurdle to test is located around 97.75, which is a key supply area for sellers. To the downside, we can find some solid supports at the 96.95 and 96.70 levels; the last one is possible to generate some selling pressure once it's broken.
H1 chart's resistance levels: 97.41 / 97.75
H1 chart's support levels: 96.95 / 96.70
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 97.41, take profit is at 97.75 and stop loss is at 97.07.
