FX.co ★ Daily analysis of USDX for June 06, 2018

The index is hovering around the 200 SMA at H1 chart and it seems the price action continues to be in a sidelined tone. That's why we can expect a rebound towards the resistance level of 94.88, where a breakout should open the doors to test the 95.53 level. However, a breakout below the 93.91 zone should expose the 93.12 level.

H1 chart's resistance levels: 94.88 / 95.53

H1 chart's support levels: 93.91 / 93.12

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 94.88, take profit is at 95.53 and stop loss is at 94.22.