The pair eases from the session high at 106.68 after repeated failure to clear strong barrier at 106.65 (Fibo 61.8% of 107.90/104.63 descend).
Initial support at 106.23 (30SMA) is under pressure, with weakening momentum seeing risk of break lower break lower and test of next pivots at 106.11 (20SMA) and 105.91 (10SMA), clear break of which would be negative signal.
Conversely, near-term bulls would remain in play while 30SMA holds and would look for renewed attack at 106.65 pivot, to signal fresh recovery extension towards 107.01 (28 mar high) and 107.40 (falling 55SMA/base of falling thick daily cloud).
Res: 106.65, 107.01, 107.40, 106.67
Sup: 106.23, 106.11, 105.91, 105.65
