Re-test level- 0.8550
Intraday bias remains bullish as long as support 0.84990 holds. It hit a high of 0.86079 yesterday and is currently trading around 0.85505.
The pair broke out of the narrow range after US NFP data. US NP data came well above market expectations.
Technicals-
The pair is trading above 34 and 55 EMA in the 1-hour chart.
The near-term resistance is around 0.8620 any break above targets 0.8660/0.8698/0.8750. The bearish pattern from 0.92244 will get completed at 0.8375 if pair close above 0.8750. A jump to 0.8800/0.8925 is possible. The immediate support is at 0.84990, any violation below will drag the pair to 0.8440/0.8420/0.8390/0.8365 (61.% fib projection)/0.8340.
Indicator (4-hour chart)
CCI (50)- Bullish
Average directional movement Index - Bullish. Overall trend is bullish.
It is good to buy on dips around 0.8550 with SL around 0.84990 for a TP of 0.8660/0.8698.


FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
FxWirePro: EUR/ AUD downtrend loses steam, remains on bearish path
FxWirePro: GBP/NZD gains some ground but outlook is bearish
FxWirePro:USD/JPY holds above 163 as intervention fears keep traders on edge
Major Pairs Bias: USDCHF Bullish While GBPUSD Turns Bearish
FxWirePro: GBP/USD stays below 1.3400 level following cooler inflation report
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks
FxWirePro:NZD/USD edges higher as kiwi firms on hawkish RBNZ outlook
JPY Strength Alert: USDJPY, AUDJPY, EURJPY and CADJPY Turn Extremely Bullish
FxWirePro- Woodies pivot (Major)
Crypto Bias Report: Trend Signals and Top Bullish Picks
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
FxWirePro: AUD/USD rallies on jobs surge, heads to test key resistance
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD edges lower but bullish outlook persists 



