The USDX has not made significant movements affecting the current trend on the daily chart. This instrument is held above the support level of 87.25, a fairly strong area, considering that the USDX could have made a breakout of that level a couple of weeks ago. The next goal for this
instrument remains the resistance level of 88.63. The MACD indicator
remains in the negative territory.
resistance levels: 88.63 / 90.40
Daily chart’s support
levels: 87.35 / 86.20
On the H1 chart, the USDX has moved in
a range above the 200-day moving average. So, the
USDX is likely to rise again to the resistance level of 87.86. A break of that
level could lead the USDX to rise to the level of 88.15. For now, the
MACD indicator remains in the neutral territory.
H1 chart’s resistance levels:
87.86 / 88.15
H1 chart’s support levels:
87.58 / 87.28
Trading recommendations for today:
Based on the H1 chart, place
orders only if the USD Index
a bullish candlestick;
level is at 87.86,
take profit is at
and stop loss is at 87.57.
The material has been provided by InstaForex Company – www.instaforex.com