#USDX
If we look at RSI(14) is in the Neutral-Bearish level, so that in the near future has the potential to test its nearest Support level.
Key Levels
1. Resistance. 2 : 98.70
2. Resistance. 1 : 98.58
3. Pivot : 98.43
4. Support. 1 : 98.31
5. Support. 2 : 98.16
Tactical Scenario
Pressure Zone: If the price breaks down below 98.31, there is potential for continued pressure toward 98.16.
Momentum Extension Bias: If 98.16 is broken
Invalidation Level / Bias Revision
The downside bias is restrained if the price breaks above 98.70.
Technical Summary
EMA(50) : 98.37
EMA(200): 98.36
RSI(14) : 37.78
Economic News Release Agenda:
Tonight the United States will release the following economic data:
US - ADP Non-Farm Employment Change - 19:15 WIB
US - Crude Oil Inventories - 21:30 WIB
