FX.co ★ Daily analysis of USDX for December 01, 2015

The index has been moving sideways, but it still favors the bullish bias in the short-term. The resistance zone of 100.24 is still a very strong hurdle for the overall trend and a breakout higher will perform a bullish consolidation on the USDX, which can last in the short and medium- terms. The 200 SMA is slightly bullish and the MACD indicator remains at the negative territory.

H1 chart's resistance levels: 100.24 / 101.01

H1 chart's support levels: 99.80 / 99.25

Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the USDX breaks with a bullish candlestick; the resistance level is seen at 100.24, take profit is at 101.01, and stop loss is at 99.48.