FX.co ★ Daily analysis of USDX for June 13, 2016

Index is trying to extend the recovering rallies above the 200 SMA on the H1 chart, as we're seeing a price action that favors to erase losses held from June 3rd's decline. Next resistance can be found at the 94.68 level, where a breakout should happen in order to reach the 95.19 mark. However, a pullback can occur to resume the bearish bias, it should break the 94.30 level before that.

H1 chart's resistance levels: 94.68 / 95.19

H1 chart's support levels: 94.30 / 93.89

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 94.30, take profit is at 93.89, and stop loss is at 94.72.