The USDX is trying to do a bullish consolidation above the 200 SMA in the H1 chart, after the Fed's interest rate hike to 0.50%, in an announcement made at Wednesday's session. Technically, we should see a rally towards the resistance level of 98.80 where a pullback can happen to take a breath before any rallies that could be seen. The MACD indicator is entering the neutral territory.
H1 chart's resistance levels: 98.80 / 99.19
H1 chart's support levels: 98.14 / 97.60
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 98.14, take profit is at 97.60, and stop loss is at 98.69.
The material has been provided by InstaForex Company - www.instaforex.comFor detail explanation and best discovery on daily market trends and news you may visit via Daily analysis of USDX for December 17, 2015 . Thanks for your support.
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