FxWirePro- RNDRUSD (Chart of the day)

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RNDRUSD prices surged more than 20% in the past five days. It hit a high of $5.15 and currently trading around $5.11. The pair is holding well above the short-term (21 and 55-day EMA) and long-term moving average (200-day EMA).

The near-term resistance is around $5.30, any indicative breach above will take the pair to $6.40/$7. On the lower side, immediate support is $4.25, and any violation below target is $3.35/$2.60.

Indicators ( Daily chart)

CCI(50)- Bullish

Directional movement index - Bullish

It is good to buy on dips around $4.50 with SL around $3.50 for TP of $7.