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Following on from this yesterday, the trade seems to have got off onto a positive start and on a daily chart we saw a positive candle, with the pair initially pulling back to test the April 4 spike high, reversing and going on to convincingly break above the recent consolidation.
Price is still above the five-day average and although the pair is testing the upper Bollinger band, the trend is higher and thus it is likely to hug this upper band.