USDX continues to extend the decline following the release of FOMC minutes during Wednesday's session. The index is testing fresh lows and looks forward to reaching the support level of 92.84, once it manages to break below the 93.12 level. If we see a rebound at the current stage, then it might continue to reach the 200 SMA at H1 chart.
H1 chart's resistance levels: 93.60 / 93.98
H1 chart's support levels: 93.12 / 92.84
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 93.12, take profit is at 92.84 and stop loss is at 93.41.
The material has been provided by InstaForex Company - www.instaforex.com
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