[#USDX]
If we look at the technical data, starting from both EMAs forming a Death Cross intersection and RSI(14) indicator in the Neutral-Bearish area, it is clear that #USDX has a chance to weaken today toward its nearest support level.
Key Levels
1. Resistance. 2 : 100.74
2. Resistance. 1 : 100.26
3. Pivot : 99.94
4. Support. 1 : 99.46
5. Support. 2 : 99.14
Tactical Scenario
Pressure Zone: If the price of #USDX breaks down below 99.46, there is a potential pressure toward 99.14.
Momentum Extension Bias: If 99.14 is also broken to the downside, 98.66 could be tested in the near term.
Invalidation Level / Bias Revision
The downside bias is restrained if #USDX strengthens and climbs above 100.74.
Technical Summary
EMA(50) : 99.94
EMA(200): 99.68
RSI(14) : 49.24
Economic News Release Agenda:
From the United States the following economic data will be released:
US - ADP Weekly Employment Change - 19:15 WIB
US - Pending Home Sales m/m - 21:00 WIB
US - API Weekly Statistical Bulletin - 03:30 WIB
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