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#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
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