FX.co ★ Daily analysis of USDX for August 15, 2016

The index is doing a rebound above the support level of 95.51, where the buyers had been actively pushing higher this index. 200 SMA at H1 chart is acting as dynamic resistance and where we could expect a fresh momentum to re-test the support level of 95.19 in coming days, as the weakness is still alive.

H1 chart's resistance levels: 95.93 / 96.32

H1 chart's support levels: 95.51 / 95.19

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 95.51, take profit is at 95.19 and stop loss is at 95.83.