Daily analysis of USDX for June 14, 2017

USDXH1.png

USDX continues with the corrective move that started during June 9th session and it’s now finding support around 96.95. The 200 SMA at the H1 chart is acting as dynamic support and it might bring some momentum in order to reach the resistance level of 97.41. If the index manages to break above that area, then it can test the 97.75 level.

H1 chart’s resistance
levels: 97.41 / 97.75

H1 chart’s support levels: 96.95
/ 96.70

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
97.41,
take profit is at
97.75
and stop loss is at 97.07.

The material has been provided by InstaForex Company – www.instaforex.com

Source:: Daily analysis of USDX for June 14, 2017

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