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[#USDX]
With all technical indicators condition which indicating the weakness, then #USDX has the potential to decline toward its nearest support level today.
Key Levels
1. Resistance. 2 : 99.47
2. Resistance. 1 : 99.05
3. Pivot : 98.80
4. Support. 1 : 98.38
5. Support. 2 : 98.13
Tactical Scenario:
Pressure Zone: If the price breaks down and closes below 98.38, it is likely to continue its decline to 98.13.
Momentum Extension Bias: If 98.13 is broken, then it could test the level at 97.71.
Invalidation Level / Bias Revision:
The downside bias is restrained if #USDX strengthens and breaks above 99.47.
Technical Summary:
EMA(50) : 98.84
EMA(200): 99.00
RSI(14) : 48.32
Economic News Release Schedule:
Tonight during the U.S. session, the following economic data will be released:
US - Unemployment Claims - 20:30 WIB
US - Trade Balance - 20:30 WIB
US - Final Wholesale Inventories m/m - 22:00 WIB
US - Natural Gas Storage - 22:30 WIB
US - 30-y Bond Auction - 01:01
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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