I've never looked at this pair. I will not be trading it, but I am interested in charting it for practice. I think we are seeing accumulation building to test previous leg starts left untested. If the accumulation fails, I would expect an attempt to test 130 again before moving up.
Held what we gained from the lows, and as long as that continues, price will likely continue to target levels listed on chart. Gaining listed levels should take price to the next target area contingent on momentum.
Retracement of leg down looking good. Paying attention to the swing high. Will stop out above 53.20 and look to re-enter at higher levels if we get there. Momo has been slowing for most of April. Looking for targets at the levels marked. Lower levels are obviously longer term targets.