Daily analysis of USDX for September 06, 2017

USDX remains alive in the negative bias below the 200 SMA at H1 chart. The support level of 92.34 is now being tested and a break below that area can open the doors to test August 29th lows, which should strengthen the bearish note in the index. At this stage, we cannot discard a rebound towards the resistance zone of 93.09.

H1 chart's resistance levels: 93.09 / 94.04

H1 chart's support levels: 92.34 / 91.67

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 92.34, take profit is at 91.67 and stop loss is at 93.00.