Daily chart: The USDX was able to break very strong resistance at the 81.50 level and now it is consolidating above the 200-day moving average. It is likely that the initial USDX form is a lower high pattern to continue move upwards to the next resistance level at 82.51. However, we must be very careful with the USDX because it has been moving up due to the global uncertainty regarding the situation in Syria. The MACD indicator is in positive territory, which would support a bullish outlook in the USDX.
H4 chart: The USDX is forming a lower high pattern, above the resistance level of 81.94. It is very likely that the USDX will achieve the resistance level of 82.49, but we must bear in mind that the USDX is too overbought and can fall back to the support level of 81.72, which houses the 200 SMA. If the USDX manages to break this support, it is expected to fall to the level of 81.33. The MACD indicator is in positive and extremely overbought territory.
H1 chart: The USDX has consolidated above the 200-day moving average and the Point of Control (POC) near the 81.58 level. Now, the USDX is trying to break the resistance at the 82.02 level and if it succeeds, it will be expected to rise to the level of 82.32. Furthermore, if the USDX achieves in breaking the support level of 81.80, it is expected to drop to the level of 81.58. The bullish trend is very strong in the USDX and the best thing to do is to follow the current trend. The MACD indicator remains in negative territory.
Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the USDX Index breaks a bullish candlestick; the resistance level is at 82.02, take profit is at 82.32, and stop loss is at 81.71.