Monthly chart:
In January, the pair has busted 100 month SMA, 38.2% retracement of 2009 to 2011 uptrend and the low of the 2011 - 2014 trading range around 0.7350. February, March and April were more or less range-bound. Support is now firmly established at 0.7175 with more at 0.70 level and 50.0% retracement (of 2009 to 2011 uptrend) at 0.6868. April candle still signals indecision but is slightly more bullish than previous one in that it closed above pivotal 0.76 level.
Weekly chart:
The pair…
In January, the pair has busted 100 month SMA, 38.2% retracement of 2009 to 2011 uptrend and the low of the 2011 - 2014 trading range around 0.7350. February, March and April were more or less range-bound. Support is now firmly established at 0.7175 with more at 0.70 level and 50.0% retracement (of 2009 to 2011 uptrend) at 0.6868. April candle still signals indecision but is slightly more bullish than previous one in that it closed above pivotal 0.76 level.
Weekly chart:
The pair…