We are seeing a continuation of the bullish reversal which I alert to on Monday (pre-market), having been informed by the chart's bullish divergence via the Relative Strength Index (RSI). The move higher has seen the pair clear the 8-day EMA, the 21-day EMA while the declining 50/75-day EMA range is now a potential resistance zone.
Lester Davids
Analyst: Unum Capital
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