FxWirePro-  CFXUSD (Chart of the day)

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CFTUSD has showed a minor sell-off after a pullback.

Any daily close above $0.50 confirms further bullishness.

CFTUSD gained more than 25% in the past four days. The pair holds well above the short-term (21 and 55 EMA) and below the long-term moving average. It hit a high of $0.1750 and is currently trading around $0.16905.

The bullish invalidation can happen if the pair closes below $0.10. On the lower side, the near-term support is $0.1380. Any break below targets $0.120/$0.10. significant downtrend if it breaks $0.10.

The immediate resistance stands at around $0.20. Any breach above confirms bullish continuation. A jump to $0.25/$0.40/$0.50  is possible. A surge past $0.50 will take it to $0.75.

It is good to buy on dips around $0.1380 with SL around $0.10 for TP of $0.50.