03.12.202508:36 Forex Analysis & Reviews: XPD/USD has the potential to strengthen today and test its nearest resistance level

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[Palladium vs USD]

With all technical conditions such as the Golden Cross intersection between the two EMAs and the RSI in the Neutral-Bullish area, then XPD/USD has the potential to strengthen in the near term.

Key Levels

1. Resistance. 2 : 1530.57

2. Resistance. 1 : 1508.51

3. Pivot : 1464.88

4. Support. 1 : 1442.82

5. Support. 2 : 1399.19

Tactical Scenario:

Positive Reaction Zone: If the price of XPD/USD breaks out and closes above 1464.88, it has the potential to strengthen to 1508.51.

Momentum Extension Bias: If 1508.51 is successfully broken, then XPD/USD will test the level at 1530.57.

Invalidation Level / Bias Revision:

The upside bias weakens if the price of Palladium vs USD falls below 1399.19.

Technical Summary:

EMA(50) : 1471.29

EMA(200): 1451.90

RSI(14) : 55.63

Economic News Release Agenda:

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

US - ADP Non-Farm Employment Change - 20:15 WIB

US - Import Prices m/m - 20:30 WIB

US - Capacity Utilization Rate - 21:15 WIB

US - Industrial Production m/m - 21:15 WIB

US - Final Services PMI - 21:45 WIB

US - ISM Services PMI - 22:00 WIB

US - Crude Oil Inventories - 22:30 WIB

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