The USDX has been strong in a bullish consolidation, but currently it's being capped by the resistance level of 91.25. A breakout above that area should expose the 92.62 zone as the next key level of interest for sellers. The 200 SMA continues to provide dynamic support across the board and it should give a boost to the pair's price in the near term.
H1 chart's resistance levels: 91.25 / 92.62
H1 chart's support levels: 90.46 / 89.36
Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the USD Index breaks with a bearish candlestick; the support level is at 91.25, take profit is at 92.62 and stop loss is at 90.86.The material has been provided by InstaForex Company - www.instaforex.com
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