FX.co ★ Daily analysis of USDX for May 17, 2018

The index remains strong in the bullish side across the board, with a price action that still favors to an upside scenario for the short-term. The resistance level of 93.42 is now being challenged and a consolidation above that area should expose the 94.10 zone as the next key level. To the downside, the 200 SMA is the nearest dynamic support.

H1 chart's resistance levels: 93.42 / 94.10

H1 chart's support levels: 92.33 / 91.86

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 93.42, take profit is at 94.10 and stop loss is at 92.75.