Monthly chart:
Price is in a lower part of 2011 - 2014 trading range, which is a part of a long-term uptrend. Strong support on the downside is 100 month SMA around 0.75 and then 38.2% retracement of the March 2009 to August 2011 rally. On the upside, 20 and 50 month SMA should provide initial resistance.
Weekly chart:
After 12.5% decline in Q3 2014, the pair settled into 0.7600 - 0.8050 range. One of these two levels will need to be convincingly broken to provide direction for the next leg.
D…
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