USDX remains alive in the negative bias below the 200 SMA at H1 chart. The support level of 92.34 is now being tested and a break below that area can open the doors to test August 29th lows, which should strengthen the bearish note in the index. At this stage, we cannot discard a rebound towards the resistance zone of 93.09.
H1 chart's resistance levels: 93.09 / 94.04
H1 chart's support levels: 92.34 / 91.67
Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the USD Index breaks with a bearish candlestick; the support level is at 92.34, take profit is at 91.67 and stop loss is at 93.00.
