On the H1 chart, USDX has been trading into a bullish bias, after it
received with a good shape the news from the FOMC minutes, which
showed that a rate hike in June of this year is highly possible.
The nearest resistance is located at the 95.22 level, where a breakout
should happen to extend the rally toward the 95.68 level.
H1 chart’s resistance
levels: 95.22 / 95.68
H1 chart’s support levels: 94.89
/ 94.61
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
95.22,
take profit is at
95.68,
and stop loss is at 94.76.
The material has been provided by InstaForex Company – www.instaforex.com
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