On the daily chart, the USDX remains in a consolidation phase, between 88.63 and 87.35. During today’s session, the USDX could move with very low liquidity, since today is a day off after Thanksgiving holiday in the US. So, the USDX will not have
significant changes affecting its current trend. The MACD indicator
is moving into the negative territory.
resistance levels: 88.63 / 90.40
levels: 87.35 / 86.20
The USDX has managed to consolidate
above the 200 SMA on the H1 chart, so the next target in the bullish
road would be the resistance level of 88.15. However, the USDX could
suffer a bearish pressure next week, although the MACD indicator
could give it a bullish momentum. This instrument could climb above the 88.15
level and achieve the target level of 88.43.
H1 chart’s resistance levels:
88.15 / 88.43
H1 chart’s support levels:
87.86 / 87.58
Trading recommendations for today:
Based on the H1 chart, place
orders only if the USD Index
a bullish candlestick;
level is at 88.15,
take profit is at
and stop loss is at 87.86.
The material has been provided by InstaForex Company – www.instaforex.com