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#USDX
#USDX will continue to to test its nearest resistance level, as it is confirmed by both EMAs which forms a Golden Cross intersection.
Key Levels
1. Resistance. 2 : 99.66
2. Resistance. 1 : 99.39
3. Pivot : 99.16
4. Support. 1 : 98.89
5. Support. 2 : 98.66
Tactical Scenario
Positive Reaction Zone: If the price holds at 99.16, there is a likelihood of a move up toward 99.39.
Momentum Extension Bias: If 99.39 is broken
Invalidation Level / Bias Revision
The upside bias weakens if the price falls and closes below 98.66.
Technical Summary
EMA(50) : 99.20
EMA(200): 99.06
RSI(14) : 38.20
Economic News Release Agenda:
Today the United States will release the following economic data:
US - Philly Fed Manufacturing Index - 19:30 WIB
US - Unemployment Claims - 19:30 WIB
US - Building Permits - 19:30 WIB
US - Housing Starts - 19:30 WIB
US - Flash Manufacturing PMI - 20:45 WIB
US - Flash Services PMI - 20:45 WIB
US - Natural Gas Storage - 21:30 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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