Daily analysis of USDX for May 03, 2018

The index remains strong in a bullish path above the support zone of 91.86 and bulls are keeping the steam in order to try a breakout above the resistance level of 92.62. If that happens, the focus should shift towards the 93.42 level, as the bullish bias is still the preferred scenario for the short-term. MACD indicator is entering the positive territory, calling for a consolidation before a decisive move.

H1 chart's resistance levels: 92.62 / 93.42

H1 chart's support levels: 91.86 / 90.46

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 9262, take profit is at 93.42 and stop loss is at 91.84.