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IMXUSD prices surged nearly 15% in past two days. It hit a high of $1.6945 and currently trading around $1.6340. The pair is holding well above the short-term (21 and 55-day EMA) and long-term moving average (200-day EMA).
The near-term resistance is around $1.85, any indicative breach above will take the pair to $2.15/$2.60/$3. On the lower side, immediate support is $1.40, and any violation below target is $1./$0.80.
Indicators ( Daily chart)
CCI(50)- Neutral
Directional movement index - Bearish
It is good to buy on dips around $1.50 with SL around $1 for TP of $3.
