From last 6-8 months of consolidation pattern has been showing little spikes but hanging at channel resistance and at 7EMA.
We now emphasize "0.7259" (7DMA areas) as a strong support on the upswings as shown on the daily graph.
The intermediate bull trend is confirmed as 7DMA has crossed over 21DMA that signals buy, as a result we’ve seen bullish sentiments in this pair.
While both daily and monthly RSI are also converging to these upswings considering medium term perspectives. Same is the case on the stochastic curves, %K crossover ensures momentum in buying sentiments.
MACD is also substantiating this strength in bull trend on both daily and monthly charts.
Hence, contemplating this consolidation pattern, we think this pair is likely to drag the rallies up to 0.7428 levels in the medium run.
Well, for now, the advice for long-term investors is to go long in near month futures for the above targets.
But for the intraday speculative purpose, one can think one touch binary calls for a target of 30-40 pips.


FxWirePro: GBP/NZD down trend loses steam, remains on bearish path
FxWirePro: EUR/AUD downtrend loses steam but outlook still bearish
FxWirePro: EUR/CAD gains ground on prospects of resumed energy flows
FxWirePro: USD/CAD recovers slightly but bearish outlook persists
FxWirePro- Woodies Pivot(Major)
FxWirePro: AUD/USD retreats slightly but trend is still bullish
FxWirePro: USD/JPY holding bid into weekend
FxWirePro:NZD/USD uptrend loses momentum but bullish setup remains
Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/ZAR recovers slightly but trend is still bearish
FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level
NZDJPY Bulls Charge Toward 95.00: Safe-Haven Exodus Drives Kiwi Rally
FxWirePro: EUR/AUD under pressure as key support gives way
Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom 



