IMF: Progress is being made by standby deal talks with Argentina

IMF headlines on Argentina's woes

• Progress is being made by standby deal talks with Argentina
• productive meetings have been held
• standby deal talks are aimed at strengthening Argentina's economic policy

On the hourly chart below, the USDARS is trading steady nearer the recent highs. The pair stalled near the 50 hour MA (I have added that MA as the pair spiked higher). Traders seemed to bounce the pair off that MA line. It is currently below at 38.2966. A move below would be needed to threaten the bullish bias going forward.