[#USDX]
With all technical conditions indicating a strengthening bias, then #USDX has the potential to rise today.
Key Levels
1. Resistance. 2 : 98.64
2. Resistance. 1 : 98.60
3. Pivot : 98.38
4. Support. 1 : 98.14
5. Support. 2 : 97.92
Tactical Scenario:
Positive Reaction Zone: If the price of #USDX breaks above 98.38, there is potential to test the 98.60 level.
Momentum Extension Bias: If 98.60 is broken, then #USDX may move toward 98.64.
Invalidation Level / Bias Revision:
The upside bias weakens if the price of #USDX declines and breaks below 97.92.
Technical Summary:
EMA(50) : 98.35
EMA(200): 98.39
RSI(14) : 53.58
Economic News Release Agenda:
Tonight from the United States, the following economic data will be released:
US - CPI y/y - 20:30 WIB
US - Unemployment Claims - 20:30 WIB
US - Philly Fed Manufacturing Index - 20:30 WIB
US - Natural Gas Storage - 20:30 WIB
US - TIC Long-Term Purchases - 04:00 WIB
