Resistance 3: $1.7730
Resistance 2: $1.7640
Resistance 1: $1.7510
Current price: $1.7509
Support 1: $1.7280
Support 2: $1.7130
Support 3: $1.7050
Comments:
Cable recovered over the steep falling trendline from 25 Sep and daily
studies are encouraging. Sustained break above $1.7380 to target
$1.7610/40 resistance zone (resent highs). Higher the bulls may push to
test the 50%retracement level and 21-DMA at $1.7700/34. Hourly studies
are also bullish, though one warning comes from the continuation
triangle pattern formed last week. Minor support is hourly lows zone
$1.7285/90. Stronger one remains at
$1.7130 (Thursday's session low). $1.7050/40 comes further down.
Break of the $1.6865/70 zone will open the way to the key level spotted
at 10 October low $1.6785.