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26.04.2017 09:53 PM
Daily analysis of USDX for April 27, 2017

USDX had some selling pressure on Wednesday's American session, following the release of some details about Donald Trump's tax plan. Despite the pullback, we're still seeing a consolidation above the support level of 98.83, which remains untouched in the short-term. If it manages to break above 99.29, the index can re-test the 100.00 handle.

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H1 chart's resistance levels: 99.28 / 99.97

H1 chart's support levels: 98.83 / 98.42

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 98.83, take profit is at 98.42 and stop loss is at 99.24.

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