#XPD/USD

With all technical conditions supporting its strength, then XPD/USD is likely to continue strengthening in the near term toward its nearest resistance level.

Key Levels

1. Resistance. 2 : 1874.94

2. Resistance. 1 : 1836.97

3. Pivot : 1805.66

4. Support. 1 : 1767.69

5. Support. 2 : 1736.38

Tactical Scenario

Positive Reaction Zone: If the price breaks out above 1836.97, there is a likelihood of an advance toward 1874.94.

Momentum Extension Bias: If 1874.94 is also broken, XPD/USD could extend its gains to 1906.25.

Invalidation Level / Bias Revision

The upside bias weakens if the price breaks below 1736.38.

Technical Summary

EMA(50) : 1803.91

EMA(200): 1796.78

RSI(14) : 51.15

Economic News Release Agenda:

Tonight the United States will release the following economic data:

US - Final Manufacturing PMI - 21:45 WIB

US - ISM Manufacturing PMI - 22:00 WIB

US - ISM Manufacturing Prices - 22:00 WIB