The index is finding support at the 95.79 level, following a session that was in a corrective mode. Still, the USDX moves above the 200 SMA zone at H1 chart and we may expect some upside moves towards the resistance zone of 96.51 after it manages to break the strong barrier at the 96.14 level. MACD indicator is reaching the neutral territory.
H1 chart's resistance levels: 96.14 / 96.51
H1 chart's support levels: 95.79 / 95.49
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 96.14, take profit is at 96.51 and stop loss is at 95.76.
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