The pair has been in a steady uptrend since June and the trend line has been holding well. Price recently broke through my resistance zone and looks like it's coming back to test it as a new support before continuing up.
RSI shows it is overbought and it's sitting right at one of my resistance levels. I'm expecting a retracement down before the pair continues the newly formed uptrend.
My trend line that has been holding since February was holding until it recently broke it on October 4th. Drawing a new trendline, it shows obvious signs of an uptrend IF it continues holding. The price is currently at my resistance zone that has held strong since June of this year. If the daily candle closes above the resistance, I can see that as another...
As the price made a successive higher low, the RSI made a lower low. This could be mean continuation of the uptrend. Due to the recent earthquake in New Zealand, I'm thinking the price could break the trend line but slow down around the .69888 support before continuing the uptrend. So I would wait and see how that plays out before going long.
Price broke through previous resistance @ 130.000 creating a higher high. Because price is near the minor resistance
@ 134.740, it can go up a little more before retracing back down to test the previously broken resistance as it becomes
support before the price goes back to or near to the 138.393 resistance.
