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#XPD/USD
With both EMAs condition forming a Death Cross, then #XPD/USD today has the potential to continue the weakening toward its nearest support level.
Level-Level Kunci
1. Resistance. 2 : 1527.35
2. Resistance. 1 : 1508.47
3. Pivot : 1487.84
4. Support. 1 : 1468.96
5. Support. 2 : 1448.33
Tactical Scenario
Pressure Zone: If 1468.96 is broken down, there is potential for continued weakness toward 1448.33.
Momentum Extension Bias: If 1448.33 is also broken to the downside, #XPD/USD may continue weakening toward 1429.45.
Invalidation Level / Bias Revision
The downside bias is restrained if #XPD/USD strengthens and breaks out above 1527.35.
Technical Summary
EMA(50) : 1488.12
EMA(200): 1502.64
RSI(14) : 56.94
Economic News Release Agenda :
Today the United States will release the following economic data:
US - Cleveland Fed Inflation Expectations - Tentative
US - Existing Home Sales - 21:00 WIB
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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