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[#USDX]
With both EMAs condition forming a Golden Cross intersection and RSI(14) in the Neutral-Bullish area, it is clear that #USDX still has the potential to strengthen toward its nearest resistance level.
Key Levels
1. Resistance. 2 : 99.64
2. Resistance. 1 : 99.41
3. Pivot : 99.04
4. Support. 1 : 98.81
5. Support. 2 : 98.44
Tactical Scenario
Positive Reaction Zone: If the price breaks above 99.41, there is a likelihood that #USDX will move up toward 99.64.
Momentum Extension Bias: If 99.64 is broken, #USDX could attempt to test 100.01.
Invalidation Level / Bias Revision
The upside bias weakens if #USDX falls below 98.44.
Technical Summary
EMA(50) : 99.13
EMA(200): 98.96
RSI(14) : 66.25
Economic News Release Agenda:
From the United States the following economic data will be released:
US - Unemployment Claims - 19:30 WIB
US - Building Permits - 19:30 WIB
US - Housing Starts - 19:30 WIB
US - Trade Balance - 19:30 WIB
US - Natural Gas Storage - 21:30 WIB
US - 30-y Bond Auction - 01:00 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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