06.05.202607:43 Forex Analysis & Reviews: Technical Analysis of #USDX Intraday Price Movement. Wednesday, May 06, 2026

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

#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

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.