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29.12.201502:13 Forex Analysis & Reviews: Daily analysis of USDX for December 29, 2015

Long-term review

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On the H1 chart, the USDX remains finding support at the level of 97.86, which is a key zone for buyers on a short-term basis. However, if the index achieves in breaking that zone to the downside, then the bearish bias will strengthen eventually reaching the level of 97.00.

H1 chart's resistance levels: 98.14 / 98.66

H1 chart's support levels: 97.86 / 97.66

Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the USDX breaks with a bearish candlestick; the support level is found at 97.86, take profit is at 97.66, and stop loss is at 98.05.

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