21:01 UTC
Uptrend, momentum stalling · RSI 55 · price 0.7167
Higher highs and higher lows since early April, capped at 0.7270.
Two-month uptrend off the late-March 0.6875 base, price holding above EMA(50) on D1 since early April. The May high at 0.7277 was rejected and a lower swing high printed at 0.7227 before pulling back to retest 0.7110 swing low, where buyers stepped in. Price now consolidating mid-range with RSI cycling around 55 — momentum has flattened versus the April leg.
Support: 0.7110, 0.6875
Resistance: 0.7227, 0.7277
What it said to watch
- Daily close below 0.7110 swing low breaks the higher-low chain
- Daily close above 0.7227 reopens the path to the May high
- Australia April CPI on Wednesday is the main scheduled catalyst this week