Pair is currently trading at 0.9875 marks. It made intraday high at 0.9885 and low at 0.9854 levels. Intraday bias remains neutral till the time pair holds key resistance at 0.9888 levels. A daily close above 0.9884 is r…
It made intraday high at 0.9885 and low at 0.9854 levels.
Intraday bias remains neutral till the time pair holds key resistance at 0.9888 levels.
A daily close above 0.9884 is required to confirm the bullish trend.
The key resistance levels falls at 1.0073 levels.
Alternatively, reversal from 0.9885 will take the parity back again 0.96 marks.
Initial resistance levels are seen at 0.9885, 0.9972 and 1.0073 marks.
On the down side, key support levels are falls at 0.9714, 0.9661 and 0.9475 levels.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.
