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FX.co ★ Palladium is expected to weaken against the USD today, moving toward its nearest support level. Wednesday, October 29, 2025.

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Forex Analysis:::2025-10-29T06:50:08

Palladium is expected to weaken against the USD today, moving toward its nearest support level. Wednesday, October 29, 2025.

[XPD/USD] – [Wednesday, October 29, 2025]

Today, XPD/USD has the potential to decline toward its nearest support level, as confirmed by both EMAs forming a Death Cross and the appearance of a Divergent RSI against its price movement.

Key Levels:

1. Resistance. 2 : 1472.39

2. Resistance. 1 : 1440.54

3. Pivot : 1391.01

4. Support. 1 : 1359.16

5. Support. 2 : 1309.63

Tactical Scenario:

Pressure Zone: If the price of XPD/USD breaks and closes below 1391.01, it may continue to decline toward 1359.16.

Momentum Extension Bias: If 1359.16 is also broken and closes below it, then 1309.63 will likely be tested.

Invalidation Level / Bias Revision:

The downside bias is held if the price strengthens and breaks through to close above 1472.39.

Technical Summary:

EMA(50) : 1404.85

EMA(200): 1430.54

RSI(14) : 49.34 + Bearish Divergent

Economic News Release Agenda:

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

US - Pending Home Sales m/m - 21:00 WIB

US - Crude Oil Inventories - 21:30 WIB

US - US Fed Fund Rate - 01:00 WIB

Palladium is expected to weaken against the USD today, moving toward its nearest support level. Wednesday, October 29, 2025.

Analyst InstaForex
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