In the daily chart, the USDX continues to strengthen the bullish trend on the way to the resistance level of 86.20. Currently, the USDX remains strong in the bullish trend, due to the fact that the support level of 84.70 has managed to stop the fall in this instrument , so the USDX could try
to make a breakout at the level of 86.20.
resistance levels: 86.20 / 87.35
levels: 85.18 / 84.29
On the H1 chart, the USDX remains
within the range between 85.95 and 85.73 levels. However, the USDX is
concentrating efforts to make a definitive breakout on the resistance
level of 85.95. However, the USDX could perform a bullish retracement
to the level of 85.49.
H1 chart’s resistance levels:
85.95 / 86.17
H1 chart’s support levels:
85.73 / 85.49
Trading recommendations for today:
Based on the H1 chart, place
orders only if the USD Index
level is at 85.95,
take profit is at
and stop loss is at 85.73.
The material has been provided by InstaForex Company – www.instaforex.com