[XPD/USD]
With EMA(50) positioned below EMA(200) and RSI(14) indicator in the Neutral-Bearish level, it is highly likely that XPD/USD will weaken down toward its nearest support level.
Key Levels
1. Resistance. 2 : 2242.63
2. Resistance. 1 : 1960.94
3. Pivot : 1762.91
4. Support. 1 : 1481.22
5. Support. 2 : 1283.19
Tactical Scenario
Pressure Zone: If the price breaks down below 1762.91, there is potential for continued downside pressure toward 1481.22.
Momentum Extension Bias: If 1481.22 is broken to the downside, XPD/USD could test 1283,19.
Invalidation Level / Bias Revision
The downside bias is restrained if the price strengthens and breaks above 2242.63.
Technical Summary
Ringkasan Teknikal
EMA(50) : 1744.65
EMA(200): 1879.90
RSI(14) : 34.01
Economic News Release Agenda:
Tonight the United States will release the following economic data:
US - Final Manufacturing PMI - 21:45 WIB
US - ISM Manufacturing PMI - 22:00 WIB
US - ISM Manufacturing Prices - 22:00 WIB