FX.co ★ Daily analysis of USDX for April 19, 2017

USDX was heavily sold during Tuesday's session, as the risk aversion continues to dominate the markets across the board. Currently, the index is consolidating its price action below the 100.00 handle and it's headed to test the support zone of 99.48. If a breakout happens below that area, we can expect a decline to test the 99.17 level.

H1 chart's resistance levels: 99.97 / 100.54

H1 chart's support levels: 99.48 / 99.17

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 99.48, take profit is at 99.17 and stop loss is at 99.79.