[XPD/USD]
Although there is an appearance of Bearish Divergence, but with the RSI(14) condition which is in the Neutral-Bullish level, along with the EMA(50) above the EMA(200), which indicates a Golden Cross condition, it suggests that the bias for XPD/USD remains in a strengthening condition today.
Key Levels
1. Resistance. 2 : 1927.35
2. Resistance. 1 : 1879.07
3. Pivot : 1822.99
4. Support. 1 : 1774.71
5. Support. 2 : 1718.63
Tactical Scenario:
Positive Reaction Zone: If the price of XPD/USD breaks out above 1822.99, there is potential to test the level at 1879.07.
Momentum Extension Bias: If 1879.07 is also exceeded, then there is potential for further strengthening up to 1927.35.
Invalidation Level / Bias Revision:
The upside bias weakens if the price of XPD/USD declines and closes below 1718.63.
Technical Summary:
EMA(50) : 1826.41
EMA(200): 1749.03
RSI(14) : 64.97 + Bearish Divergent
Economic News Release Agenda:
Tonight, when the U.S. market session opens, the following economic data will be released:
US - ADP Weekly Employment Change - Tentative
US - Prelim GDP q/q - 20:30 WIB
US - Core Durable Goods Orders m/m - 20:30 WIB
US - Durable Goods Orders m/m - 20:30 WIB
US - Prelim GDP Price Index q/q - 20:30 WIB
US - Capacity Utilization Rate - 21:15 WIB
US - Industrial Production m/m - 21:15 WIB
US - CB Consumer Confidence - 22:00 WIB
US - Richmond Manufacturing Index - 22:00 WIB
US - API Weekly Statistical Bulletin - 04:30 WIB
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