USDX remains capped by the resistance level of 101.74, as the bullish force is weakening in an overall view. However, there are still chances to see a hike above that resistance and if that happens, we can expect further gains toward the 102.61 level. However, if 200 SMA dynamic support gives up, a decline should take the index to test the 100.53 level.
H1 chart's resistance levels: 101.74 / 102.61
H1 chart's support levels: 100.53 / 99.39
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 101.74, take profit is at 102.61 and stop loss is at 100.87.The material has been provided by InstaForex Company - www.instaforex.com