FX.co ★ U.S. Dollar Index (USDX) in Forex Trading

#USDX Н4 The index quotes have currently risen above the resistance level at 98.70 and are still pushing north. The moving average is currently below the quotes, acting as support from the north. So, if this Н4 candle closes above this level, it may lead to a continuation of the northern direction towards the resistance at 99.60-99.80. However, I believe that a confirmation above the level is necessary for the continuation of the trend. The risk of dropping below the level without confirmation is high. Therefore, we trade cautiously. Wishing you profitable trades and a great day.