FxWirePro- RNDRUSD (Chart of the day)

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RNDRUSD prices surged more than 50% this month. It hit a high of $10.86 and currently trading around $10.629. 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 $11, any indicative breach above will cost the pair $15/$20. On the lower side, immediate support is $9.50, and any violation below target is $8.50/$6.85.

Indicators ( Daily chart)

CCI(50)- Bullish

Directional movement index - Bullish

It is good to buy on dips around $8 with SL around $6 for TP of $15.