USDX managed to recover most of the losses posted during Monday’s
session and currently it’s poised to reach the resistance zone of
96.14. If the index attempts a breakout over there, then the next upside target will be found at 96.51, while a pullback
should drive it to test the 200 SMA on the H1 chart. MACD indicator is
reaching overbought conditions.
H1 chart’s resistance
levels: 96.14 / 96.51
H1 chart’s support levels: 95.79
/ 95.49
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
96.14,
take profit is at
96.51
and stop loss is at 95.76.
The material has been provided by InstaForex Company – www.instaforex.com
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