Resistance - 1.4192, 1.4218, 1.4302
Support - 1.4090, 1.4056, 1.40
Support - 1.4090, 1.4056, 1.40
- Cable's corrective rally yesterday followed by rejection at daily 5-MA levels in Asia today indicates fresh offers have hit the pair and prices could down to 1.4090 levels. A violation there would expose 1.4056 (76.4% of 1.3835-1.4770).
- On the higher side, a convincing break above 1.4218, preferably on day end closing basis is required to signal a rally to 1.4302 (50% of 1.3835-1.4770).
