Daily analysis of USDX for September 28, 2017

USDX is testing upper Bollinger bands across the board and looks forward to testing the next resistance around 94.04. However, we're still expecting a corrective move towards the 200 SMA at H1 chart in a first degree. If the index manages to break above 94.04, we can expect another higher leg to test the 95.00 psychological level.

H1 chart's resistance levels: 93.09 / 94.04
H1 chart's support levels: 91.67 / 90.30

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 91.67, take profit is at 90.30 and stop loss is at 93.04.

Analysis are provided by InstaForex