USDX bounced nicely off its 1st support at 93.74 (100% Fibonacci extension, 23.6% Fibonacci retracement, 50% Fibonacci retracement, horizontal swing low support) where price could possible fall back to before rising to its major resistance at 94.49 (61.8% Fibonacci retracement, horizontal overlap resistance).
Stochastic (89, 5, 3) bounced nicely off its support at 4.7% where a corresponding rise could occur. Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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