Daily analysis of USDX for September 20, 2017

USDX still await to determine the next path in the short term, as the index continues to be above the support level of 91.67. The 200 SMA temporarily is providing dynamic resistance and bulls keep trying to consolidate gains above it. If we see a breakout over there, we can expect a continuation to test the resistance level of 93.09.

USDXH1.png

H1 chart's resistance levels: 93.09 / 94.04

H1 chart's support levels: 91.67 / 90.30

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 91.67, take profit is at 90.30 and stop loss is at 93.04.

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