FX.co ★ Daily analysis of USDX for May 21, 2018

The index is extending gains and the price action still favors to the bulls, with a strong rebound happening in the 93.42 level. Now, we're putting the focus on the 94.10 level as the next key resistance to the upside, but a pullback should take the greenback to test the 200 SMA on the H1 chart. MACD indicator stays in the positive territory, favoring to the upside scenario.

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.