FX.co ★ Daily analysis of USDX for January 13, 2017

USDX was one again moving under pressure after Trump's press conference and the index tested the support level of 100.80. However, it managed to recover a little but it's headed to test the resistance level of 101.76. If USDX breaks above that area, we can expect further rallies to reach the 102.29 level. MACD indicator is supporting that scenario, as it remains in the positive territory.

H1 chart's resistance levels: 102.29 / 102.81

H1 chart's support levels: 100.80 / 100.01

Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the USD Index breaks with a bearish candlestick; the support level is at 100.80, take profit is at 100.01 and stop loss is at 101.58.