FX.co ★ Daily analysis of USDX for May 22, 2018

USDX is following a bullish bias above the 200 SMA which has gained strength during the last few days. The resistance level of 93.12 is still the closest target to the upside, so the focus remains bullish in the short term. If that zone gives up, then we might expect further gains toward the 94.88 level. MACD indicator still supports a bearish scenario, as it stays in the negative territory.

H1 chart's resistance levels: 94.10 / 94.88

H1 chart's support levels: 93.12 / 92.33

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 94.10, take profit is at 94.88 and stop loss is at 93.30.