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[#USDX]
Although both EMAs remain in a Death Cross intersection, but with RSI(14) condition in the Neutral-Bullish level and the appearance of a Bullish Divergence, Buyers are expected to take over dominance in #USDX today.
Key Levels
1. Resistance. 2 : 97.64
2. Resistance. 1 : 92.27
3. Pivot : 96.86
4. Support. 1 : 96.49
5. Support. 2 : 96.08
Tactical Scenario
Positive Reaction Zone: If #USDX strengthens and breaks above 92.27, there is a chance of a further rise toward 97.64.
Momentum Extension Bias: If 97.64 is broken, #USDX could extend its advance toward 98.05.
Invalidation Level / Bias Revision
The upside bias is invalidated if #USDX weakens and breaks down below 96.08.
EMA(50) : 96.79
EMA(200): 97.01
RSI(14) : 55.93 + Bullish Divergent
Economic News Release Schedule:
Tonight the United States will release the following economic data:
US - Unemployment Claims - 20:30 WIB
US - Existing Home Sales - 22:00 WIB
US - Mortgage Delinquencies - Tentative
US - Natural Gas Storage - 22:30 WIB
US - 30-y Bond Auction - 01:01 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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