FX.co ★ Daily analysis of USDX for April 07, 2017

USDX is waiting for the US NFP numbers and today we can expect some action in the US Dollar across the board, as analysts are pricing a positive data. In the bullish scenario, we are targeting the 101.20 level as the next key area, while a pullback should lead the index to test the 100.00 handle. Also, the price action is showing that the markets are expecting for a catalyst that helps to break the range where the greenback had been trapped.

H1 chart's resistance levels: 100.73 / 101.20

H1 chart's support levels: 100.43 / 100.08

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 100.73, take profit is at 101.20, and stop loss is at 100.24.