Monday trading was muted as some markets were closed for Easter Holidays and the US Dollar Index fell.
Downtrend channel formed
Testing 50% Fibonacci retracement level at 6.522– immediate resistance
50 Day moving average sloped down
- RSI at 50%, unbiased
- MACD indicates near term overbought
- Immediate resistance level – 16.00-16.23
- Immediate support level – 14.98
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