- Copper has shown a decisive break above strong trendline resistance at 3.235.
- Technical studies are bullish, we see scope for further upside.
- RSI and Stochs are biased higher and MACD has shown a bullish crossover on signal line.
- We see +ve DMI dominance and ADX is also rising which supports trend higher.
- Next immediate resistance lies at 3.289 (Jan 15 high) ahead of 3.320 (Dec 28 high) and then 3.430 (113% Fib extension of 2.472 to 3.320 rally).
- On the flipside, strong support seen at 20-DMA at 3.176, breach there could see bullish invalidation.
Support levels - 3.197 (5-DMA), 3.176 (20-DMA), 3.024 (Feb 9 low)
Resistance levels - 3.289 (Jan 15 high), 3.320 (Dec 28 high), 3.430 (113% Fib extension of 2.472 to 3.320 rally)
Recommendation: Good to go long on dips around 3.240, SL: 3.175, TP: 3.290/ 3.320/ 3.40/ 3.430
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro- Major Crypto levels and bias summary
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro:EUR/AUD eases but bullish outlook persists
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro- Major European Indices
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 



