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 - EconoTimes)
Ichimoku Analysis (4 hour chart)
Tenken-Sen- $2.417
Kijun-Sen- $2.089
AKTUSD was one of the best performers today.
Any daily close above $15.25 confirms further bullishness.
AKTUSD is trading higher for the second consecutive day and surged nearly 25% from a low of 2.17%. The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $2.74 and is currently trading around $2.723.
The bullish invalidation can happen if the pair closes below $149. On the lower side, the near-term support is $2.40. Any break below targets $1.95/$1.49. Significant downtrend if it breaks $1.27.
The immediate resistance stands at around $2.80. Any breach above confirms a minor pullback. A jump to $3.25/$3.60/$4 is possible. A surge past $5 will take to $6.5.
It is good to buy on dips around $2.40 with SL around $1.95 for TP of $4
