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[US Dollar Index]
With RSI(14) condition in the Neutral-Bullish level and EMA(50) & EMA(200) forming a Golden Cross, the US Dollar Index has the potential to strengthen throughout today.
Key Levels
1. Resistance. 2 : 98.88
2. Resistance. 1 : 98.80
3. Pivot : 98.63
4. Support. 1 : 98.55
5. Support. 2 : 98.38
Tactical Scenario
Positive Reaction Zone: If #USDX breaks out and closes above 98.63, it is likely to continue up toward 98.80.
Momentum Extension Bias: If 98.80 is broken, the US Dollar Index may test 98.88.
Invalidation Level / Bias Revision
The upside bias weakens if #USDX falls and breaks below 98.38.
Technical Summary
EMA(50) : 98.60
EMA(200): 98.45
RSI(14) : 55.45
Economic News Release Agenda:
Tonight from the United States, the following economic data will be released:
US - Unemployment Claims - 20:30 WIB
US - Prelim Nonfarm Productivity q/q - 20:30 WIB
US - Prelim Unit Labor Costs q/q - 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 - Consumer Credit m/m - 03:00 WIB
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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