USDX had another bearish session yesterday, and now it's performing a consolidation below the 95.00 handle. Currently, the index is trading below the 200 SMA on the H1 chart, fcing the support around the 95.65 price zone. A breakout below this area should open the doors to reach the 94.32 level, which is the next buyers' area of interest.
H1 chart's resistance levels: 95.19 / 95.51
H1 chart's support levels: 94.65 / 94.32
Trading recommendations for today: based on the H1 chart, place sell (short) orders only if the USD Index breaks with a bearish candlestick; the support level is at 94.65, take profit is at 94.32 and stop loss is at 95.00.
The material has been provided by InstaForex Company - www.instaforex.comfrom www.instaforex.com http://ift.tt/2aYgVCN
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