Daily chart: The USDX attempted to perform a consolidation above the level of 81.50, but was unsuccessful. Now, the USDX remains below the resistance level of 81.50 and continues forming a bullish pattern. If the USDX does make a breakout at that level, it would be expected to rise to the level of 82.51.
H4 chart: The USDX continues to find resistance in the bullish trend line that is at the level of 81.70, so this instrument has made a pullback and is likely to fall to the support level of 81.28. Also, if the USDX does make a breakout at that level, it would be expected to fall to the level of 81.02, where the 200-day moving average is located.
H1 chart: The USDX has made a pullback on the level of 81.68 and now is consolidating below the resistance level of 81.58. It is very likely that the USDX will fall to the level of 81.40, where the 200 SMA is located. If the USDX makes a breakout at that level, it would be expected to fall to the level of 81.19. The MACD indicator is in negative territory.
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 81.58, take profit is at 81.73, and stop loss is at 81.43.
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