FX.co ★ bryana.reichert | U.S. Dollar Index (USDX) in Forex Trading

#USDX Н4

The resistance at the level of 99.10 is still holding back the index quotes from moving higher, indicating that there might be further downside pressure at the moment. This suggests a continuation of the bearish trend, so it's worth looking for points of contact. The first point is the support at the level of 98.65, followed by 98.00. This is in case the first support is breached and the quotes establish below this level. Another support for the bearish scenario is the moving average resistance, moving above the quotes, acting as resistance and therefore supporting the bearish direction.