The pair rallied and holding near daily high at 111.53, maintaining strong pressure on daily cloud top (111.57) after receiving fresh boost from upbeat US data.
US manufacturing PMI came well above forecast (Aug 61.3 vs 57.6 f/c), hitting the highest since May 2004.
Further evidence of positive outlook for the US economy underpins the greenback, which looks for eventual break above cloud top.
Momentum studies regained traction and support the advance, as rising 100SMA (110.40) tracks after containing Aug dip and maintains bullish structure.
Extended consolidation under cloud top may precede final push higher, with dips to be contained at 111.00 zone (converged 10/30/55 SMA’s).
Res: 111.57; 111.87; 112.15; 112.37
Sup: 111.23; 111.00; 110.92; 110.40
