FX.co ★ Daily analysis of USDX for June 29, 2016

The index is still alive in a bullish bias, and the support zone of 95.89 remains in place. Overall, the USDX could be looking to break the resistance level around the 96.60, where the bulls could gain momentum towards the 97.19 level as the next interest area for possible sellers. The 200 SMA is slightly bullish.

H1 chart's resistance levels: 96.60 / 97.19

H1 chart's support levels: 95.89 / 95.20

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 96.60, take profit is at 97.19, and stop loss is at 96.00.