Daily analysis of USDX for November 30, 2017

USDX continues with the recovery across the board and it's now challenging the 200 SMA, at which a breakout should open the doors to test the resistance zone of 94.00. The current stage in the greenback is key, as we could see a bearish continuation towards the support level of 91.85. MACD indicator is entering the positive territory.


H1 chart's resistance levels: 93.60 / 93.98

H1 chart's support levels: 92.70 / 91.85

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 92.70, take profit is at 91.85 and stop loss is at 93.53.

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