FX.co ★ Daily analysis of USDX for December 29, 2016

The index had a bullish momentum during Wednesday's session, as it's looking to trade at higher levels around 103.98 in coming days. That path will remain untouched, as we're heading into a new year and it's expected to see some narrow range moves until this Friday. The closest support is located at the 200 SMA (H1 chart).

H1 chart's resistance levels: 103.98 / 104.69

H1 chart's support levels: 102.56 / 101.40

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 103.98, take profit is at 104.69 and stop loss is at 103.26.