There is potential for XPD/USD to weaken today with the appearance of a Hidden Bearish Divergence. Thursday, September 18,

[Ben Graham]

[XPD/USD] – [Thursday, September 18, 2025]

The appearance of a Hidden Bearish Divergence, coupled with the two EMAs crossing with a Death Cross, indicates that Palladium has the potential to weaken against the USD today.

Key Levels

1. Resistance. 2 : 1217.46

2. Resistance. 1 : 1187.50

3. Pivot : 1164.38

4. Support. 1 : 1134.42

5. Support. 2: 1111.30

Tactical Scenario

Pressure Prone Zone: If the price breaks down and closes below 1134.42, there is potential for continued weakness to 1111.30.

Momentum Extension Bias: If 1111.30 is successfully broken and closes below it, there is potential for continued weakness to 1081.34.

Invalidation Level / Bias Revision

Downside bias is maintained if the XPD/USD price suddenly strengthens and breaks through and closes above 1217.46.

Technical Summary

EMA(50): 1166.65

EMA(200): 1182.49

RSI(14): 52.39 + Hidden Bearish Divergence

Economic News Release Agenda:

The following economic data will be released from the United States tonight:

US - Unemployment Claims - 19L30 WIB

US - Philly Fed Manufacturing Index - 19:30 WIB

US - CB Leading Index m/m - 21:00 WIB

US - Natural Gas Storage - 21:30 WIB

The material has been provided by InstaForex Company - www.instaforex.com