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Looking at all the technical indicators, #USDX on the 30-minute chart indicates strengthening conditions, therefore on Thursday,

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[#USDX]

With both EMAs condition forming a Golden Cross and the RSI indicator positioned in the Extreme-Bullish area, along with the appearance of a Hidden Bullish Divergence, today #USDX has the potential to strengthen.

Key Levels

1. Resistance. 2 : 100.67

2. Resistance. 1 : 100.39

3. Pivot : 99.92

4. Support. 1 : 99.64

5. Support. 2 : 99.17

Tactical Scenario:

Positive Reaction Zone: If the price of #USDX breaks out and closes above 100.39, there is potential to move toward 100.67.

Momentum Extension Bias: If 100.67 is successfully broken and closes above it, the level 101.14 may be tested.

Invalidation Level / Bias Revision:

The upside bias weakens if the price of #USDX declines and breaks down below 99.17.

Technical Summary:

EMA(50) : 99.87

EMA(200): 99.59

RSI(14) : 72.21 + Hidden Bullish Divergent

Economic News Release Agenda:

Tonight from the United States session, several important economic data will be releases, such as:

US - Average Hourly Earnings m/m - 20:30 WIB

US - Non-Farm Employment Change - 20:30 WIB

US - Unemployment Rate - 20:30 WIB

US - Philly Fed Manufacturing Index - 20:30 WIB

US - Unemployment Claims - Tentative

US - Existing Home Sales - 22:00 WIB

US - CB Leading Index m/m - Tentative

US - Natural Gas Storage - 22:30 WIB

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The material has been provided by InstaForex Company - www.instaforex.com
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