Analysis of USDX
The USDX fell 1.3% at yesterday's session, after a strong two-day pullback. At yesterday's session, we forecasted bearish views on USDX & USD related pairs. The index is making a mild distribution pattern at 96.55. We add further bearish views on the USDX. Until the Index closes below 96.90, bears will aim at 93.90, 92.75, and 92. The strong support zone is found at 92.15 and 91.70. In the daily chart, lower lows and lower highs formation has been expanding. Today, bears try hard to close below 95.00 with a target at 93.90.
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