Daily analysis of USDX for December 04, 2014

On the daily chart, the USDX is making a breakout at the level of 88.63, so massive buy orders in this instrument could lead the US dollar to reach a historic high levels at 90.40. However, like any sharp movement, the USDX could form another bullish pattern above the support level of 88.63. The MACD indicator is entering the neutral territory. Daily chart's resistance levels: 90.40 / 89.00
Dailychart's support levels: 88.63 / 87.35

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