FX.co ★ Although there is potential for a limited correction, XPD/USD still appears likely to continue its strengthening bias.

[XPD/USD]

Although a Bearish Divergence has appeared between the RSI and XPD/USD price, but with both EMAs still in a Golden Cross configuration, the strengthening bias appears to continue.

Key Levels

1. Resistance. 2 : 2125.23

2. Resistance. 1 : 2074.02

3. Pivot : 1988.69

4. Support. 1 : 1937.48

5. Support. 2 : 1852.15

Tactical Scenario

Positive Reaction Zone: If the price breaks above 2074.02, there is a possibility to test 2125.23.

Momentum Extension Bias: If 2125.23 is broken, XPD/USD may be headed toward 2210.56.

Level Invalidation / Bias Revision

The upside bias weakens if XPD/USD falls and breaks below 1852.15.

Technical Summary

EMA(50) : 2046.75

EMA(200): 1964.44

RSI(14) : 58.09 + Bearish Divergent

Economic News Release Agenda:

Tonight from the United States the following economic data will be released:

US - Core Durable Goods Orders m/m - 20:30 WIB

US - Durable Goods Orders m/m - 20:30 WIB