Medium term uptrend is still in control and the mild short-term consolidation or retracement is also still relevant. A clean break above the sometimes pivotal 20-day MA at .7949 should see prices test chart resistance at .8015 and possibly the flattish trendline just above .8100. If the 20-day MA holds firm, then the focus returns to the downside and there is little support until this weeks low at .7710.
