The latest candle on the chart briefly reached around US$2.26, while the latest data places PENDLE in the US$2.18–US$2.21 range.
The US$2.00–US$2.10 area serves as a crucial foothold for trend sustainability. If that level can be maintained, the next resistances are at US$2.50, then US$3–US$3.50, and US$4–US$4.50.
A breakout of the US$4–US$4.50 zone could open room toward US$5.50, before moving higher to a macro target around US$7–US$7.50. Conversely, a strong drop back below US$1.90 would weaken the breakout structure currently developing. $PENDLE
The US$2.00–US$2.10 area serves as a crucial foothold for trend sustainability. If that level can be maintained, the next resistances are at US$2.50, then US$3–US$3.50, and US$4–US$4.50.
A breakout of the US$4–US$4.50 zone could open room toward US$5.50, before moving higher to a macro target around US$7–US$7.50. Conversely, a strong drop back below US$1.90 would weaken the breakout structure currently developing. $PENDLE
