FxWirePro- RNDRUSD (Chart of the day)

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RNDRUSD prices surged more than 70% in the past two weeks. It hit a high of $7.914 and currently trading around $7.89. 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 $8, any indicative breach above will take the pair to $10/$12/$15. On the lower side, immediate support is $6.80, and any violation below target is $6/$5/$4.25.

Indicators ( Daily chart)

CCI(50)- Bullish

Directional movement index - Bullish

It is good to buy on dips around $6.80 with SL around $5.75 for TP of $10/$12.