The cross holds firm tone on Wednesday and extends recovery rally from 143.19 (29 May low) into sixth straight day.
Bulls probe through falling 30SMA after taking out pivots at 147.21/40 (20SMA/Fibo 61.8% of 150.01/143.19 bear-leg) earlier today.
North-heading daily RSI broke above the 50 midpoint and supports the advance, while momentum is in sideways mode and slow stochastic is overbought, which may slow the rally. Bulls eye Fibo 76.4% barrier at 148.40 and may extend towards a cluster of daily MA’s (55/200/100) in 149.20/77 zone which guard psychological 150 barrier.
Dips should be ideally contained by broken 20SMA (147.21) to keep immediate bulls intact, however, deeper correction towards north-turning 10SMA (145.81) which marks pivotal support, cannot be ruled out.
Res: 148.00, 148.40, 149.20, 149.59
Sup: 147.40, 147.21, 146.92, 146.03
