15.01.202506:31 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Palladium vs USD, Wednesday January 15, 2024.

Relevance up to 22:00 2025-01-15 UTC--5

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If we look at the 4-hour chart of XPD/USD, it seems that there is an effort to strengthen Palladium against USD even though its volatility strength is starting to decrease, which can be seen from the formation of the Rising Wedge pattern and its current price movement which is below the EMA (10) so that in the near future XPD/USD has the potential to weaken down to the level of 905.47, but as long as the weakening does not break through and close below the level of 882.14, XPD/USD still has the potential to continue its strengthening back up to the level of 953.90 and if this level is successfully exceeded, its strengthening will continue to the level of 1022.59 as its main target and if the momentum of strengthening and volatility support it, it is not impossible that the area level of 1047.30-1065.04 will be the next target.

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