Cable bounced from daily low at 1.3341 on Tuesday, failing to clearly break below rising 10SMA (1.3364) as rising 4-hr cloud top contained dip and continues to support.
Pullback from 1.3472 high is facing headwinds, as rising momentum supports, but falling 30SMA which capped recovery and continues to track descend, maintains pressure.
Mixed daily techs signal no clear near-term direction and looking for stronger signals.
Break and close below 10SMA would keep bearish near-term bias in play for extension of pullback from 1.3472.
Conversely, holding above 10SMA would ease downside pressure, but break above 30SMA (1.3434) is needed to generate bullish signal.
Res: 1.3403, 1.3434, 1.3441, 1.3472
Sup: 1.3364, 1.3342, 1.3306, 1.3267
