The pair broke above the 0.9700 resistance.
The pair broke above the 0.9700 resistance. Should it hold on its gains, the resumption will likely continue towards the 0.9950 resistance. Otherwise, a break back below 0.9700 would confirm the bearish resumption towards the 0.9540 support and beyond to the 100-Day SMA, which resides at 0.9460.
Edward Smith, technical analyst of company Admiral Markets.
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