USDX was under pressure during Thursday's session after it found dynamic resistance around the 200 SMA at H1 chart. Now, the index could attempt a breakout below 95.77, which could also increase the downside acceleration towards 95.10 in a first degree. MACD indicator is still in the negative territory, supporting the current scenario.
H1 chart's resistance levels: 96.77 / 97.20
H1 chart's support levels: 96.38 / 95.77
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 95.77, take profit is at 95.10 and stop loss is at 96.42.
The material has been provided by InstaForex Company - www.instaforex.com
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