Limited on break of the December high at .6370 with fresh high checked at .6380
Levels | Imp | Comment | Levels | Imp | Comment | |||
---|---|---|---|---|---|---|---|---|
R4 | .6450 | * | congestion | S1 | .6250 | * | congestion | |
R3 | .6412 | * | Jul 2023 high | S2 | .6222/00 | ** | Jun high, congestion | |
R2 | .6370/80 | ** | Dec, 30 Sep YTD high | S3 | .6170 | * | 4 Sep low | |
R1 | .6300 | * | Aug high | S4 | .6150 | * | congestion |
Asterisk denotes strength of level
00:30 GMT - Limited on break of the December high at .6370 with fresh high checked at .6380. Sharp pullback from there see prices unwinding the deep overbought intraday and daily studies to correct strong run-up from the .6106, September low. Nearby see support at the .6250 congestion, while break here will open up deeper pullback to strong support at the .6222/.6200 area, which is expected to underpin. Meanwhile, resistance is lowered to the .6300 level and this is now expected to cap and sustain losses from the .6370/80 highs.