The rate made a 3rd test to the larger rising wedge resistance last week indicating it may be trading lower in the short term at least to the previous support area around 0.7550.
A break above the last week's highs at 0.7733 and the wedge's resistance would invalidate my immediate bearish bias as it would open up a way towards the major psychological level at 0.8000.
A break above the last week's highs at 0.7733 and the wedge's resistance would invalidate my immediate bearish bias as it would open up a way towards the major psychological level at 0.8000.
