FX.co ★ Daily analysis of USDX for September 16, 2016

The index found resistance at the 95.49 level, following the mixed data published in the US. Currently, the USDX is hovering around the 200 SMA area on H1 chart and we could expect a decline towards the support level of 95.02. If a breakout happens there in coming hours, then the next support at the 95.02 level could be tested.

H1 chart's resistance levels: 95.49 / 95.79

H1 chart's support levels: 95.02 / 94.74

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 95.02, take profit is at 94.74 and stop loss is at 95.29.