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 - EconoTimes)
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ARUSD performed well in the past three days
Any daily close above $30 confirms further bullishness.
ARUSD has gained more than 45% in the past ten days. The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $45 and is currently trading around $44.15.
The bullish invalidation can happen if the pair closes below $20. On the lower side, the near-term support is $25. Any break below targets $21.96/$20.
The immediate resistance stands at around $30. Any breach above confirms bullish continuation. A jump to $38.30/$47/$50 is possible. A surge past $50 will take it to $70.
It is good to buy on dips around $25 with SL around $19.50 for TP of $50.
