FxWirePro- TIAUSD (Chart of the day)

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TIAUSD recovered slightly after a minor sell-off.

Any daily close above $20.50 confirms further bullishness.

TIAUSD showed a minor pullback after a 20% sell-off. The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $20.35 and is currently trading around $18.18.

The bullish invalidation can happen if the pair closes below $10. On the lower side, the near-term support is $15. Any break below targets $12.50/$9.80. Significant downtrend if it breaks $9.80.

The pair's near-term resistance is around $18.85. Any breach above confirms minor bullishness. A jump to $20.35 is possible. A surge past $20.35 will take it to $25.

It is good to buy on dips around $15 with SL around $10 for TP of $25.

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