#USDX

#USDX will continue to to test its nearest resistance level, as it is confirmed by both EMAs which forms a Golden Cross intersection.

Key Levels

1. Resistance. 2 : 99.66

2. Resistance. 1 : 99.39

3. Pivot : 99.16

4. Support. 1 : 98.89

5. Support. 2 : 98.66

Tactical Scenario

Positive Reaction Zone: If the price holds at 99.16, there is a likelihood of a move up toward 99.39.

Momentum Extension Bias: If 99.39 is broken

Invalidation Level / Bias Revision

The upside bias weakens if the price falls and closes below 98.66.

Technical Summary

EMA(50) : 99.20

EMA(200): 99.06

RSI(14) : 38.20

Economic News Release Agenda:

Today the United States will release the following economic data:

US - Philly Fed Manufacturing Index - 19:30 WIB

US - Unemployment Claims - 19:30 WIB

US - Building Permits - 19:30 WIB

US - Housing Starts - 19:30 WIB

US - Flash Manufacturing PMI - 20:45 WIB

US - Flash Services PMI - 20:45 WIB

US - Natural Gas Storage - 21:30 WIB