- Copper is extending gains after brief consolidation around 200-DMA.
- The pair is trading 0.57% higher on the day, bias remains higher.
- Upside finds stiff resistance at 3.110 (major trendline), breakout to see further gains.
- Technical indicators are bullish. Momentum also with the bulls.
- MACD is showing a bullish crossover on signal line which adds to bullish bias.
- Break above 3.11 (trendline) will see test of 3.173 (61.8% Fib). While we see weakness on retrace below 200-DMA.
Support levels - 3.065 (21-EMA), 3.053 (200-DMA), 3.027 (23.6% Fib)
Resistance levels - 3.097 (110-EMA), 3.110 (trendline), 3.173 (61.8% Fib)
Recommendation: Watch out for break above 3.110 to go long, target 3.150/ 3.170
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro:EUR/AUD eases but bullish outlook persists
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish 



