#XPD/USD

With the Sideways condition confirmed by the movement of #XPD/USD back and forth between its two EMAs, but the RSI(14) is in the Neutral-Bearish area, then in the near future it has the potential to test its nearest support level.

Key Levels

1. Resistance. 2 : 1628.45

2. Resistance. 1 : 1591.66

3. Pivot : 1560.75

4. Support. 1 : 1523.96

5. Support. 2 : 1493.05

Tactical Scenario

Pressure Zone: If the price breaks down below 1523.96, there is potential for continuing pressure toward 1493.05.

Momentum Extension Bias: If 1493.05 is also broken, #XPD/USD may continue weakening toward 1456.26.

Invalidation Level / Bias Revision

The downside bias is restrained if #XPD/USD strengthens and breaks above 1628.45.

Technical Summary

EMA(50) : 1556.77

EMA(200): 1557.71

RSI(14) : 47.43

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