Price is facing bullish pressure as it continues to hold above the ascending trendline support. We could see price bounce at 1st support at 151.515 in line with our 38.2% Fibonacci retracement and 38.2% Fibonacci extension to further upside towards 1st resistance at 152.226 in line with 127.2% Fibonacci retracement and 50% Fibonacci extension. Our bullish bias is further support by how MACD is holding above the 0 line. Otherwise price might bearish to 2nd support at 150.562 in line with 61.8% Fibonacci retracement and 61,8% Fibonacci extension.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.