#USDX still continues its bearish bias today.

[Ben Graham]

[#USDX]

With all technical indicators condition which indicating the weakness, then #USDX has the potential to decline toward its nearest support level today.

Key Levels

1. Resistance. 2 : 99.47

2. Resistance. 1 : 99.05

3. Pivot : 98.80

4. Support. 1 : 98.38

5. Support. 2 : 98.13

Tactical Scenario:

Pressure Zone: If the price breaks down and closes below 98.38, it is likely to continue its decline to 98.13.

Momentum Extension Bias: If 98.13 is broken, then it could test the level at 97.71.

Invalidation Level / Bias Revision:

The downside bias is restrained if #USDX strengthens and breaks above 99.47.

Technical Summary:

EMA(50) : 98.84

EMA(200): 99.00

RSI(14) : 48.32

Economic News Release Schedule:

Tonight during the U.S. session, the following economic data will be released:

US - Unemployment Claims - 20:30 WIB

US - Trade Balance - 20:30 WIB

US - Final Wholesale Inventories m/m - 22:00 WIB

US - Natural Gas Storage - 22:30 WIB

US - 30-y Bond Auction - 01:01

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