- The bullish divergence of the hourly chart relative strength index (RSI) validates the indecision in the marketplace - as indicated by yesterday's doji candle - and is calling a minor corrective rally to an immediate resistance of 1.3042.
- The primary trend remains bearish as the 5-day and 10-day moving averages (MAs) are trending sot in favor of the bears.
Spot Rate: 1.3002
Daily High: 1.3008
Daily Low: 1.2993
Trend: Intraday bullish
R1: 1.3019 (50-hour MA)
R2: 1.3042 (resistance as per the hourly chart)
R3: 1.3086 (100-hour MA)
S1: 1.2976 (previous day's support)
S2: 1.2962 (Aug. 7 low)
S3: 1.2887 (Aug. 28 low)
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