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Key support and resistance levels are readily identified when working from the daily chart.
Taking yesterday's analysis one step further, significant support and resistance lines are identified on the daily chart below.
Traders can see that the next major support lies at the mid November low of $25, followed by a further support line at $22.80.
The major resistance level rests at the all-time high for the pair at $29.34.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
