FX.co ★ Daily analysis of USDX for May 15, 2018

The index remains under pressure below the 200 SMA at H1 chart and it seems the bearish move could go towards the 91.86 level, which is a key support in the near-term. Such level should give up in order to allow a free fall to test the 90.46 level, in a decline that could strengthen the bearish bias in the short-term. MACD indicator remains steady in the neutral territory, calling for further sideways moves.

H1 chart's resistance levels: 92.62 / 93.42

H1 chart's support levels: 91.86 / 90.46

Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the USD Index breaks with a bearish candlestick; the support level is at 92.62, take profit is at 93.42 and stop loss is at 91.84.