FX.co ★ Daily analysis of USDX for November 24, 2016

FOMC minutes didn't bring major surprises that could unleash more bullish momentum to the index, which is moving inside an extreme zone. Currently, USDX is looking to break the resistance level of 101.74 and that move could help to boost the index toward the 102.61 level, but pullbacks are expected to take place for next week, after Thanksgiving holidays in the U.S.

H1 chart's resistance levels: 101.74 / 102.61

H1 chart's support levels: 100.53 / 99.39

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 101.74, take profit is at 102.61 and stop loss is at 100.87.