[US Dollar Index]
#USDX has strengthened over the past few days and has the potential to continue that bias toward its nearest resistance level.
Key Levels
1. Resistance. 2 : 97.95
2. Resistance. 1 : 97.78
3. Pivot : 97.53
4. Support. 1 : 97.36
5. Support. 2 : 97.11
Tactical Scenario
Positive Reaction Zone: If the price holds at 97.53, there is a chance of further upside toward 97.78.
Momentum Extension Bias: If 97.78 is also successfully broken, #USDX could extend its strength toward 97.95.
Invalidation Level / Bias Revision
The upside bias weakens if #USDX falls below 97.11.
Technical Summary
EMA(50) : 97.51
EMA(200): 97.25
RSI(14) : 58.24
Economic News Release Schedule:
Tonight the United States will release the following economic data:
US - Challenger Job Cuts y/y 19:30 WIB
US - Unemployment Claims - 20:30 WIB
US - JOLTS Job Openings - 22:00 WIB
US - Natural Gas Storage - 22:30 WIB