Daily analysis of USDX for April 13, 2018

Trading 12 avr 2018 Donner votre avis

The index recovered from the support level of 89.36 and it's hovering currently inside the 200 SMA zone in the H1 chart. The moving average could help to add pressure on the US Dollar Index and then we could expect a pullback to take place in order to try a breakout below that area and if that happens, doors will open to testing the 87.88 level.

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H1 chart's resistance levels: 90.63 / 91.75

H1 chart's support levels: 89.36 / 87.88

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 89.36, take profit is at 87.88 and stop loss is at 90.81.The material has been provided by InstaForex Company - www.instaforex.com

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