Daily analysis of USDX for December 14, 2017

USDX remains capped by the resistance zone of 94.09 and looks forward to reaching the critical level of 94.85 once such barrier gives up to the bulls' force. The 200 SMA could provide dynamic support and if it manages to break below that area, then the next target lies at 93.29. MACD indicator continues to favor to the bears.

1513202708_USDXH1.png

H1 chart's resistance levels: 94.09 / 94.88

H1 chart's support levels: 93.71 / 93.29

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 94.09, take profit is at 94.89 and stop loss is at 93.32.

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