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ARUSD performed well in the past four days
Any daily close above $3.02 confirms further bullishness.
ARUSD gained more than 100% in the past four days. The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $3.18 and is currently trading around $3.15.
The bullish invalidation can happen if the pair closes below $12. On the lower side, the near-term support is $20. Any break below targets $15/$12.
The immediate resistance stands at around $32. Any breach above confirms bullish continuation. A jump to $42/$50 is possible. A surge past $50 will take it to $55/$70.
It is good to buy on dips around $18 with SL around $14 for TP of $32.
