#XPD/USD
With all technical conditions supporting its strength, then XPD/USD is likely to continue strengthening in the near term toward its nearest resistance level.
Key Levels
1. Resistance. 2 : 1874.94
2. Resistance. 1 : 1836.97
3. Pivot : 1805.66
4. Support. 1 : 1767.69
5. Support. 2 : 1736.38
Tactical Scenario
Positive Reaction Zone: If the price breaks out above 1836.97, there is a likelihood of an advance toward 1874.94.
Momentum Extension Bias: If 1874.94 is also broken, XPD/USD could extend its gains to 1906.25.
Invalidation Level / Bias Revision
The upside bias weakens if the price breaks below 1736.38.
Technical Summary
EMA(50) : 1803.91
EMA(200): 1796.78
RSI(14) : 51.15
Economic News Release Agenda:
Tonight the United States will release the following economic data:
US - Final Manufacturing PMI - 21:45 WIB
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US - ISM Manufacturing Prices - 22:00 WIB