FxWirePro- TIAUSD (Chart of the day)

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TIAUSD performed well in the past two days.

Any daily close above $8 confirms further bullishness.

TIAUSD has gained more than 85% in the past three days. The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $7.64 and is currently trading around $7.275.

The bullish invalidation can happen if the pair closes below $4. On the lower side, the near-term support is $6.80. Any break below target $5.95/$4. Any violation below $4 targets $2.

The immediate resistance stands at around $8. Any breach above confirms bullish continuation. A jump to $9/$10/$12 is possible. A surge past $12 will take it to $16.

It is good to buy on dips around $6 with SL around $4 for TP of $12/$15.

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