[XPD/USD]
Today Palladium has the potential to strengthen against the US dollar because all of its technical indicators showing the strength, so that it gives a chance to test the nearest resistance level.
Key Levels
1. Resistance. 2 : 1850.01
2. Resistance. 1 : 1813.55
3. Pivot : 1745.31
4. Support. 1 : 1708.85
5. Support. 2 : 1640.61
Tactical Scenario
Positive Reaction Zone: If XPD/USD breaks and closes above 1813.55, the move may continue up toward 1850.01.
Momentum Extension Bias: If 1850.01 is also broken, XPD/USD could extend toward 1918.25.
Invalidation Level / Bias Revision
The upside bias weakens if the price breaks and closes below 1640.61.
Technical Summary
EMA(50) : 1755.17
EMA(200): 1726.89
RSI(14) : 56.35
Economic News Release Agenda:
Tonight the United States will release Factory Orders economic data m/m at 22:00 WIB.
