USDX is looking to test the support zone of 93.02, where a rebound should happen if bulls gain strength in coming hours, after the Brexit referendum's polls are closed. However, the overall scenario remains bearish, as long as the Index keeps trading below the 200 SMA on the H1 chart, and a breakout below the 93.02 level will open the doors to test the 92.73 level.
H1 chart's resistance levels: 93.43 / 93.82
H1 chart's support levels: 93.02 / 92.73
Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the USD Index breaks with a bearish candlestick; the resistance level is at 93.02, take profit is at 92.73, and stop loss is at 93.33.
The material has been provided by InstaForex Company - www.instaforex.com