This week NFP release will be the center of attention for future interest rate release from the federal reserve.
With price currently within indecision, we might as well be expecting a breakout or a rejection from supply at 81.87 due to newly weekly mitigation at 73.70 which buyers have shown momentum in the last seven days.
If price fails to break 80.53- 81.87 range, I see selling opportunity back to major support at 77.43 where I will be anticipating for long if validated back to supply at 81.87
If 77.43 invalidates as support I see further decline towards 73.70- 73.18 range.
With price currently within indecision, we might as well be expecting a breakout or a rejection from supply at 81.87 due to newly weekly mitigation at 73.70 which buyers have shown momentum in the last seven days.
If price fails to break 80.53- 81.87 range, I see selling opportunity back to major support at 77.43 where I will be anticipating for long if validated back to supply at 81.87
If 77.43 invalidates as support I see further decline towards 73.70- 73.18 range.