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23.04.2018 05:52 AM
Daily analysis of USDX for April 23, 2018

The index has been consolidating above the 200 SMA following a breakout of the tight range in which has been trapped. The next target to the upside still lies at 90.36, where a corrective move could take place in order to gather enough momentum to break higher. If that happens, then it could be on the way to reach the 91.75 level.

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H1 chart's resistance levels: 90.63 / 91.75

H1 chart's support levels: 89.36 / 87.88

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 90.63, take profit is at 91.75 and stop loss is at 89.49.
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