[XPD/USD]
With the EMA (50) position being below the EMA (200), where the Death Cross condition is confirmed by the RSI position being at the Neutral-Bearish level, there is a quite strong indication that Sellers are currently dominating.
Key Levels:
1. Resistance. 2 : 1440.23
2. Resistance. 1 : 1419.33
3. Pivot : 1397.45
4. Support. 1 : 1376.55
5. Support. 2 : 1354.67
Tactical Scenario:
Pressure Zone: If the price breaks down below 1376.55, XPD/USD has the potential to test 1354.67.
Momentum Extension Bias: If 1354.67 is breached, there is a chance XPD/USD will head toward 1333.77.
Invalidation Level / Bias Revision:
The downside bias is contained if the price of XPD/USD strengthens and closes above 1440.23.
Technical Summary:
EMA(50) : 1396.10
EMA(200): 1422.12
RSI(14) : 43.17
Economic News Release Agenda:
Tonight from the United States, there is only the release of Factory Orders m/m at 22:00 WIB.
