USDX remains under pressure below the 200 SMA on H1 chart. The index still finds support around 92.18. The new year kicks with a greenback's weakness across the board. That tone should prevail for at least several weeks, as the index starts to do a decisive corrective move. If it manages to break above 92.57, then it can go towards the 93.16 level.
H1 chart's resistance levels: 92.57 / 93.16
H1 chart's support levels: 92.18 / 91.68
Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the USD Index breaks with a bearish candlestick; the support level is at 92.18, take profit is at 91.68 and stop loss is at 92.68.
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