FX.co ★ Daily analysis of USDX for April 12, 2018

USDX stays consolidated below the 200 SMA on the H1 chart and it remains supported by the 89.36 level. Below that area, one could expect a bearish continuation towards the 87.88 zone which should strengthen to the bears in the short-term. If the index manages to make a rebound at the current stage, it can go to re-test the 90.63 level.

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.