Rebound at the 164.00 level see pressure returning to the upside to retest 171.60 highs
Rebound at the 164.00 level see pressure returning to the upside to retest 171.60 highs. Bullish momentum keeps pressure on the upper channel from the 124.40, 2022 year low.
Meanwhile, support is at the 168.00/167.00 area then the 164.00 congestion and May low. This now seen protecting the downside and only break here will see room for deeper pullback within the bullish channel from the 2022 low to the 160.00 level and 158.00 congestion. Lower still, if seen, will open up scope to the 153.00 support.