The pair is trading above 1.3500. Should it consolidate above this level and then...
The pair is trading above 1.3500. Should it consolidate above this level and then break above the 1.3800 resistance, the upside extension will likely continue towards the 200-Day SMA by 1.4040. Otherwise we could see a new drop below the 1.3360 support ahead of 1.3000.
Edward Smith, technical analyst of company Admiral Markets.
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