FX.co ★ Daily analysis of USDX for August 26, 2016

Thursday's session for USDX was pretty calm in terms of price action, as the index remains below the 200 SMA at H1 chart. A support can be seen around the 94.65 level, where a breakout can deliver a bearish momentum towards the 94.32 level. However, a rebound shall not be discarded and eventually it can attempt a short-term rally to the 95.00 level.

H1 chart's resistance levels: 95.00 / 95.49

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 94.99.