USDX posted another bullish session with a strong consolidation above the 97.00 psychological level. Now it's facing the resistance zone at 97.71, where a breakout should deliver more buyers' force towards the 98.48 level. However, if the index manages to do a pullback and breaks the 97.36 level, then it can extend decline to the 96.74 level.
H1 chart's resistance levels: 97.71 / 98.48
H1 chart's support levels: 97.36 / 96.74
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 97.71, take profit is at 98.48 and stop loss is at 96.94.
The material has been provided by InstaForex Company - www.instaforex.comFrom www.instaforex.com http://ift.tt/2e4MOKN
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