FX.co ★ Daily analysis of USDX for October 06, 2016

USDX still finds resistance at the 96.27 level, where bulls abandoned attempts to consolidate higher. The next step for the index should be the 96.74 in the north side, while a pullback can drive a move towards the 200 SMA price zone around the 95.79. We can expect a bullish reaction in that area, as it can act as a dynamic support.

H1 chart's resistance levels: 96.27 / 96.74

H1 chart's support levels: 95.79 / 95.49

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 96.27, take profit is at 96.74 and stop loss is at 95.79.