- Pair is currently trading at 0.9765 levels.
- It made intraday high 0.9771 and low at 0.9714 marks.
- Pair made temporary low yesterday at 0.9661 levels and intraday bias remains neutral first.
- Pair likely to consolidate below 0.9884 levels.
- On the other side, a daily close below 0.9661 levels will target key support level at 0.9475 marks.
- Initial support levels are seen at 0.9715, 0.9661 and 0.6621 levels.
- On the other side, resistance levels are seen at 0.9770, 0.9815 and 0.9884 levels.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.
