MONTLHY CHART: Prior breaks of support signalled a medium term bear move underway, with a 50% pullback level providing effective support.

The current rally is presumed temporary - note resistance here from the old triangle underside has now been tested - so far, s/term reaction here has been negative.

DAILY CHART:

The continuing bull run has now tested the 76.4% recovery which is providing s/term resistance. This ties in with resistance from the weekly chart, so a pullback is not a surprise at this stage.

Note support offered by the 0.8532 Jul high, while longer term bears will be looking for a continuation lower and through the more key support area of 0.8400, prior s/term high and bull channel base projection. Violating this latter would imply bulls had lost their momentum.