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17.07.202508:47 Forex Analysis & Reviews: The DXY has the potential to test its pivot level, but there is potential for further strengthening on Thursday, July 17, 2025.

US Dollar Index – Thursday, July 17, 2025

If the pivot and support levels are able to withstand the #USDX's weakening correction in the near term, the #USDX has the potential to continue strengthening, supported by the Golden Cross EMA (50 & 200) and the 914 RSI (Neutral-Bullish) conditions.

Key Levels

1. Resistance 2: 99.47.

2. Resistance 1: 98.87.

3. Pivot: 98.27.

4. Support 1: 97.67.

5. Support 2: 97.07.

Tactical Scenario

Positive Reaction Zone: If the price successfully breaks through and closes above 98.87, the #USDX has the potential to continue strengthening to 99.47.

Momentum Extension Bias: If the 99.47 level is successfully broken through and closes above it, the #USDX will continue its strengthening momentum to 100.97.

Invalidation Level / Bias Revision

Upside bias weakens when the price breaks through and closes below 97.07.

Technical Summary

EMA(50): 98.40.

EMA(200): 98.11.

RSI(14): 55.15.

Economic News Release Agenda:

Safety Demand & Yield Rebound, concerns over political pressure to lower interest rates on the Fed, and strong US industrial data against weak PPI, all combine to give the #USDX the potential to strengthen today.

Tonight, there are news releases from the United States:

US Core Retail Sales m/m - 7:30 PM WIB.

US Retail Sales m/m - 7:30 PM WIB.

Unemployment Claims - 7:30 PM WIB.

Exchange Rates 17.07.2025 analysis

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Arief Makmur,
Analytical expert of InstaSpot
© 2007-2025
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