FX.co ★ Daily analysis of USDX for March 26, 2018

USDX still trades within a bearish tone below the 200 SMA at H1 chart and the support level of 89.36 is being challenged. Such level should get broken in order to allow more losses toward the 87.88 level. However, if the index manages to make a rebound at the current stage, then it can go to test the resistance zone of 90.63.

H1 chart's resistance levels: 90.63 / 91.75

H1 chart's support levels: 89.36 / 87.88

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 89.36, take profit is at 87.88, and stop loss is at 90.81.