Daily analysis of USDX for April 06, 2018

There are slight attempts to resume the bullish bias as the price action still remains in favor of this trend. The greenback could post another fresh multi-day high and eventually it can reach the resistance level of 90.63. If a breakout happens over there, then we might expect a continuation towards the 91.75 level, while a pullback should take the index to test the 89.36 area.

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 sell (short) orders only if the USD Index breaks with a bearish candlestick; the support level is at 89.36, take profit is at 87.88 and stop loss is at 90.81.