#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.