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[XPD/USD]
Although the XPD/USD is currently in a sideways condition, but the position of EMA(50) is still above EMA(200), indicating potential upward movement in the near future.
Key Levels
1. Resistance. 2 : 1512.33
2. Resistance. 1 : 1493.30
3. Pivot : 1470.99
4. Support. 1 : 1451.96
5. Support. 2 : 1429.65
Tactical Scenario:
Positive Reaction Zone: If XPD/USD breaks above 1493.30, it may continue to strengthen up to 1512.33.
Momentum Extension Bias: If 1512.33 is broken, there is potential to test the level at 1534.64.
Invalidation Level / Bias Revision:
The upside bias weakens if the price of XPD/USD declines and closes below 1429.65.
Technical Summary:
EMA(50) : 1471.95
EMA(200): 1465.88
RSI(14) : 49.01
Economic News Release Agenda :
Tonight from the U.S. session, there are no economic data are scheduled to released
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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