[XPD/USD]
Although the RSI is in the Neutral-Bearish level, but with the appearance of a Hidden Bullish Divergence and both EMAs still in a Golden Cross formation present an opportunity for strengthening up to its nearest resistance level.
Key Levels:
1. Resistance. 2 : 1496.76
2. Resistance. 1 : 1479.04
3. Pivot : 1452.03
4. Support. 1 : 1434.31
5. Support. 2 : 1407.30
Tactical Scenario:
Positive Reaction Zone: If the price of XPD/USD breaks above 1452.03, it may move toward 1479.04.
Momentum Extension Bias: If 1479.04 is breached, XPD/USD is likely to reach 1496.76.
Invalidation Level / Bias Revision:
The upside bias weakens if XPD/USD declines and drops below 1407.30.
Technical Summary:
EMA(50) : 1450.49
EMA(200): 1430.06
RSI(14) : 36.45 + Hidden Bullish Divergent
Economic News Release Agenda:
Today, there are no economic data releases from the U.S. market session.
