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10.10.201622:11 Forex Analysis & Reviews: Daily analysis of USDX for October 11, 2016

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Following the second presidential debate in the United States between Donald Trump and Hillary Clinton, USDX gained momentum in favour of the bullish bias and now it's targeting the resistance level of 97.36. The 200 SMA on the H1 chart remains bullish and we expect that moving average will act as dynamic support. Next objective is placed at the 97.36 level to the upside.

H1 chart's resistance levels: 96.74 / 97.36

H1 chart's support levels: 96.27 / 95.79

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 96.74, take profit is at 97.36 and stop loss is at 96.15.

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