FX.co ★ US Dollar Index has the potential to continue its strengthening bias today toward its nearest resistance level.

[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