FX.co ★ Daily analysis of USDX for October 09, 2017

The index plummeted following the US NFP poor outcome for September and now it looks forward to testing the 200 SMA at H1 chart. Around that area, USDX is poised to do a rebound in order to resume the bullish bias shown in the short-term. If it manages to break above 94.04, next target should be the 94.58 level. MACD indicator remains in the negative territory.

H1 chart's resistance levels: 94.04 / 94.58

H1 chart's support levels: 93.00 / 91.67

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 94.04, take profit is at 94.58 and stop loss is at 93.50.