Topside:
- Parity at 1.0000. The price has traded a number of times above the 1.0000 level since February 1, but has only closed above parity 4 times
- The 1.0050 has ceiling resistance
- 1.0055 is the 100 day MA
On the downside.
- 38.2% of the most recent non trending range is at 0.9928
- Trendline off the recent lows comes in at 0.9894.
With the price trading in between 1.0000 resistance and 0.9894 support, the reaction off the announcement will likely have a difficult getting above or below these areas on the first test.
