InstaForex - Analytics

    InstaForex

    739.75 6.25/10
    62% of positive reviews
    Real

    Daily analysis of USDX for July 01, 2016

    On the H1 chart, the USDX is trying to extend the rally above the 200 SMA, but the support level could be challenged within the next few hours, as the US NFP is coming. A breakout above the 96.60 level will open the doors to test the 97.52 price zone, as the Index keeps trading strongly in a bullish tone, at least on a short-term basis.

    1467324243_USDXH1.png

    Show full picture

    H1 chart's resistance levels: 96.60 / 97.52

    H1 chart's support levels: 95.89 / 95.20

    Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the USD Index breaks with a bullish candlestick; the resistance level is at 96.60, take profit is at 97.52, and stop loss is at 95.67.


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree