Daily analysis of USDX for August 18, 2017

USDX had a bullish session during Thursday in an overall view, but during American session, it erased some gains after Barcelona's terrorist attack, which helps to boost the demand for safe-haven assets across the board. To the upside, the resistance level is still placed at 94.11 and if we see a break above it, we can expect a rally towards 94.58.


H1 chart's resistance levels: 94.11 / 94.58

H1 chart's support levels: 93.74 / 93.28

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 94.11, take profit is at 94.58 and stop loss is at 93.66.

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