logo

FX.co ★ #USDX has the potential to continue correcting downward to its nearest support level today. Thursday, October 16, 2025.

#USDX has the potential to continue correcting downward to its nearest support level today. Thursday, October 16, 2025.

[#USDX] – [Thursday, October 16, 2025]

With all technical indicators showing the weakening trend, meaning that the #USDX is likely to come under pressure today.

Key Levels:

1. Resistance. 2 : 99.19

2. Resistance. 1 : 98.92

3. Pivot : 98.77

4. Support. 1 : 98.50

5. Support. 2 : 98.35

Tactical Scenario:

Pressure Zone: If the price breaks down and closes below 98.77, there is potential to test the 98.50 level.

Momentum Extension Bias: If 98.50 is broken, #USDX may fall further to 98.35.

Invalidation Level / Bias Revision:

The downside bias is contained if #USDX strengthens and breaks above 99.19.

Technical Summary:

EMA(50) : 98.78

EMA(200): 98.92

RSI(14) : 21.54

Economic News Release Agenda:

Tonight from the United States, the following economic data will be released:

US - NAHB Housing Market Index - 21:00 WIB

US - Business Inventories m/m - Tentative

US - Natural Gas Storage - 21:30 WIB

US - Crude Oil Inventories - 23:00 WIB

#USDX has the potential to continue correcting downward to its nearest support level today. Thursday, October 16, 2025.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Go to the articles list Go to this author's articles Open trading account