14.03.201701:39 Forex Analysis & Reviews: Daily analysis of USDX for March 14, 2017

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The index is looking to test the resistance zone of 102.39, where a breakout should deliver more bulls' force in order to cling towards 103.40. As the index still hovers around the 200 SMA at H1 chart, it's possible to see a pullback to take place and if that happens, the next target to the downside would be the 100.44 level.

H1 chart's resistance levels: 102.39 / 103.40

H1 chart's support levels: 101.39 / 100.44

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 102.39, take profit is at 103.40 and stop loss is at 101.35.

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