Kudos to those who bought at the confluence support zone. The rebound from the 100EMA support is now being tested at the light blue gap resistance band. A breakout above the gap resistance band will meet more resistance within the red dual trendline region. A successful upthrust here will probably see a retest of the previous peak formed on 17 March 2010.
However, failure to clear the light blue gap resistance will result in a pullback to the 3.15 to 3.14 immediate support belt. Further weakness will retest the 3.08 to 3.07 gap support band and retest the major confluence support zone again.
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