Price is facing bullish pressure as it continues to hold above both the ascending trendline and moving average support, in line with our bullish bias. We could potentially see price bounce at 1st support, in line with our 38.2% Fibonacci retracement, 61.8% Fibonacci extension and horizontal pullback support, and a further rise to 1st resistance, in line with 127.2% Fibonacci extension and horizontal swing high resistance.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.