Remains in consolidation below the .5950 congestion area
Levels | Imp | Comment | Levels | Imp | Comment | |||
---|---|---|---|---|---|---|---|---|
R4 | .6083 | * | 10 Apr high | S1 | .5900 | figure | ||
R3 | .6050 | * | congestion | S2 | .5860 | ** | 17 Apr YTD low | |
R2 | .6000 | * | congestion | S3 | .5800 | * | congestion | |
R1 | .5965 | 10 Apr low | S4 | .5773 | ** | 26 Oct 2023 year low |
Asterisk denotes strength of level
00:15 GMT - Remains in consolidation below the .5950 congestion area and clear break here and the .5965 resistance needed to see room to further extend gains from the .5860 low. Higher will see scope to the strong resistance at the .6000 level then the .6050 congestion area. Meanwhile, support remains at the .5900 level which is expected to underpin . Failure here will expose the .5860 low to retest and see scope to further extend losses from the late-December high to the .5800 level then the .5773, 2023 year low.