#XPD/USD

With the EMAs condition forming a Death Cross, this confirms that sellers are dominating the XPD/USD, so there is potential for weakness that could take #XPD/USD toward its nearest support level.

Key Levels

1. Resistance. 2 : 1534.72

2. Resistance. 1 : 1512.31

3. Pivot : 1475.41

4. Support. 1 : 1453.00

5. Support. 2 : 1416.10

Tactical Scenario

Pressure Zone: If the price breaks down below 1475.41, there is potential for continued pressure toward 1453.00.

Momentum Extension Bias: If 1453.00 is also broken, there is potential for further selling pressure down to 1416.10.

Invalidation Level / Bias Revision

The downside bias is restrained if the price strengthens and breaks above 1534.72.

Technical Summary

EMA(50) : 1480.78

EMA(200): 1504.51

RSI(14) : 57.03

Economic News Release Agenda:

Tonight the United States will release the following economic data:

US - ADP Weekly Employment Change - 19:15 WIB

US - HPI m/m - 20:00 WIB

US - S&P/CS Composite-20 HPI y/y - 20:00 WIB

US - CB Consumer Confidence - 21:00 WIB

US - Richmond Manufacturing Index - 21:00 WIB

US - API Weekly Statistical Bulletin - 03:30 WIB