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04.04.2018 09:43 PM
Daily analysis of USDX for April 05, 2018
The bears appear to have lost the battle for the short-term, as the index stays above the 200 SMA at H1 chart. The near-term target to the upside lies at 90.63, at which a breakout should expose the 91.75 level and eventually it can strengthen the bullish bias. However, if the moving average gives up, then it can plummet towards 89.36.

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H1 chart's resistance levels: 90.63 / 91.75

H1 chart's support levels: 89.36 / 87.88

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 89.36, take profit is at 87.88 and stop loss is at 90.81.
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