The pair managed to hit the target of 154.30-50 and broke above this resistance zone, which could set a new course towards 156.70 and 158.80.
As we see from our previous chart, the market tested support at 153.65 last Friday before a market rebound.
If prices hold above this support, the advance wave could continue.
Below 152.80 more of a drop towards 149.35 could hit the market.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 153.65 | 156.70 |
| LEVEL2 | 152.80 | 158.80 |
| LEVEL3 | 151.40 | 161.80 |
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