FX.co ★ Daily analysis of USDX for April 11, 2018

The price action in the index is at the mercy of the consolidation below the 200 SMA on the H1 chart, as it's already opening the doors for a testing of the support level at 89.36. Such area could give up in order to allow additional losses toward the 87.88 level as a key hurdle to the downside. However, any rebounds should be limited by that moving average.

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.