Support:
Weekly S3 @ 0.80
Previous Support/Weekly S4 @ 0.65
Yearly S1 @ 0.50
Previous high @ 0.39
Resistance: S/R a@ 0.875
Weekly S1 & S/R @ 1.15
Trend: Bearish
Weekly S3 @ 0.80
Previous Support/Weekly S4 @ 0.65
Yearly S1 @ 0.50
Previous high @ 0.39
Resistance: S/R a@ 0.875
Weekly S1 & S/R @ 1.15
Trend: Bearish
Commentaire:
Price tested the 0.65 support level and has since bounced sharply. Currently it is trading above the 0.875 level. A close above, may take price back to the 1.15 resistance, maybe after a test of the 0.875 as support. If it returns below 0.87 it will be the 0.65-0.87 that is the range of S/R.
