Daily analysis of USDX for June 16, 2017

USDX posted strong gains during Thursday's session, consolidating its price action above the 200 SMA at H1 chart. The next hurdle to test is located around 97.75, which is a key supply area for sellers. To the downside, we can find some solid supports at the 96.95 and 96.70 levels; the last one is possible to generate some selling pressure once it's broken.

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.