The index managed to consolidate gains during Monday's session, following the risk aversion that surged after FBI words on Clinton email probe, days before the US elections. At a technical perspective, USDX is trying to rally towards the 98.00 psychological level, where the 200 SMA is also located as a dynamic resistance. If we see a breakout above that zone, then it's likely that attempts advance to the 98.65 level, as the next target to the upside.
H1 chart's resistance levels: 98.01 / 98.65
H1 chart's support levels: 97.62 / 97.12
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 97.62, take profit is at 97.12 and stop loss is at 98.12.
The material has been provided by InstaForex Company - www.instaforex.comFrom www.instaforex.com http://ift.tt/2fuqiIc
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