Daily analysis of USDX for September 04, 2017

Monday's session was closed in the U.S. as the Labour day holidays came in and USDX didn't have significant moves in favor or against the dominant trend. If the index manages to break below the support level of 92.34, one could expect a bearish acceleration towards August 29th lows around 91.67. MACD indicator remains in the negative territory.

1504556086_USDXH1.png

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.

The material has been provided by InstaForex Company - www.instaforex.com