[XPD/USD]

With all technical conditions supporting the strengthening of XPD/USD, then the probability of strengthening will dominate the movement of XPD/USD throughout today.

Key Levels

1. Resistance. 2 : 1603.40

2. Resistance. 1 : 1561.36

3. Pivot : 1526.29

4. Support. 1 : 1484.25

5. Support. 2 : 1449.18

Tactical Scenario:

Positive Reaction Zone: If XPD/USD breaks above 1526.29, it has the potential to test the level at 1561.36.

Momentum Extension Bias: If 1561.36 is surpassed, there is an opportunity for XPD/USD to reach 1603.40.

Invalidation Level / Bias Revision:

The upside bias weakens if the price of XPD/USD declines and closes below 1449.18.

Technical Summary:

EMA(50) : 1519.66

EMA(200): 1503.91

RSI(14) : 53.60

Economic News Release Agenda:

Later tonight, when the U.S. market session opens, the following economic data will be released:

US - Empire State Manufacturing Index - 20:30 WIB

US - NAHB Housing Market Index - 22:00 WIB