The pair closed above 0.74 handle on Thursday's trade and has hit 4-week highs at 0.7423.
Technical studies are . Stocsh and are biased higher. 5-DMA on verge of crossover on 20-DMA
seen on Stochs on keeps scope for further upside.
Price now eyes 55-EMA at 0.7444. Break above could see test of 110-EMA at 0.7496.
On the flipside, 21-EMA at 0.7371 is strong support. Break below invalidates bias.
Support levels - 0.7373 (5-DMA), 0.7371 (21-EMA), 0.7265 ( )
Resistance levels - 0.7444 (55-EMA), 0.7482 ( 50-DMA ), 0.7496 (55-EMA)
Good to go long around 0.74/ 0.7410 levels, SL: 0.7360, TP: 0.7445/ 0.7485/ 0.75
Price has retraced dip below 5-DMA.
Watch out for break above 50-DMA for further upside.