USDX continues to fight with the bears in order to gain momentum in the short-term. The next target to the upside is placed at the 93.09 level, where offers could come to push lower to the index. However, as long as the index remains above the 200 SMA at H1 chart, it’s expected to reach new highs, with a target lying at the 94.09 level.
H1 chart’s resistance levels: 93.09 / 94.04
H1 chart’s support levels: 91.67 / 90.30
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 91.67, take profit is at 90.30 and stop loss is at 93.04.