#XPD/USD
With XPD/USD price position above both EMAs and RSI(14) indicator in the Neutral-Bullish area, then in the near term there is potential for the pair to continue its strengthening toward the nearest resistance level.
Key Levels
1. Resistance. 2 : 1426.52
2. Resistance. 1 : 1387.57
3. Pivot : 1362.45
4. Support. 1 : 1323.50
5. Support. 2 : 1298.38
Tactical Scenario
Positive Reaction Zone: If the price breaks above 1387.57, XPD/USD is likely to move up toward 1426.52.
Momentum Extension Bias: If 1426.52 is also broken, there is potential for XPD/USD to test 1451.64.
Invalidation Level / Bias Revision
The upside bias weakens if the price falls and closes below 1298.38.
Technical Summary
EMA(50) : 1369.54
EMA(200): 1381.72
RSI(14) : 65.29
Economic News Release Schedule:
There are no U.S. economic data releases today due to a national holiday.
