26 May 2023
Friday 26th May 2023: Technical Outlook and Review
In the short term, there’s a possibility that the price could further descend towards the first support level at 103.50 before rebounding and climbing towards the first resistance. This first support level is known as a pullback support, which suggests it could halt any further downward movement.
25 May 2023
Thursday 25th May 2023: Technical Outlook and Review
In the near term, the price could potentially decline further to the first support level at 103.63 before bouncing back and ascending towards the first resistance level. The first support level, identified as a multi-swing low support, may offer a strong base to prevent further price decline.