Price breaking above daily resistance which has been holding as a barrier for some time. Uptrend still intact & Moving average crossover showing bullish momentum, I will be watching the 1.09400 region for price to reject as new potential support for a push to the upside..
Comment:
Daily: Price has rejected this level over 9 times, & is finally pushing above
Comment:
price has bounced off previous resistance as new possible support. From here expecting a possible bounce to the upside. NZD CPI numbers today will fuel price action later