FX.co ★ Daily analysis of USDX for August 17, 2016

USDX had another bearish session yesterday, and now it's performing a consolidation below the 95.00 handle. Currently, the index is trading below the 200 SMA on the H1 chart, fcing the support around the 95.65 price zone. A breakout below this area should open the doors to reach the 94.32 level, which is the next buyers' area of interest.

H1 chart's resistance levels: 95.19 / 95.51

H1 chart's support levels: 94.65 / 94.32

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 94.65, take profit is at 94.32 and stop loss is at 95.00.