[#USDX]
If we pay attention to both EMA which is in a Death Cross as well as RSI(14) has approaching the Overbought level, then there is potential in the near term for #USDX to weaken toward its nearest support.
Key Levels
1. Resistance. 2 : 100.13
2. Resistance. 1 : 99.83
3. Pivot : 99.55
4. Support. 1 : 99.25
5. Support. 2 : 98.97
Tactical Scenario
Pressure Zone: If the price breaks down below 99.55, there is potential pressure toward 99.25.
Momentum Extension Bias: If 99.25 is broken, 98.97 is likely to be tested.
Invalidation Level / Bias Revision
The downside bias is restrained if #USDX strengthens and breaks out above 100.13.
Technical Summary
EMA(50) : 99.65
EMA(200): 99.84
RSI(14) : 68.99
Economic News Release Agenda:
Today the United States will release the following economic data:
US - Challenger Job Cuts y/y - 18:30 WIB
US - Unemployment Claims - 19:30 WIB
US - Trade Balance - 19:30 WIB
US - Natural Gas Storage - 21:30 WIB