FxWirePro- TIAUSD Daily Outlook

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Any daily close above $8 confirms further bullishness.

TIAUSD showed a minor pullback today from a low of $4.470. The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $4.84 and is currently trading around $4.819

The bullish invalidation can happen if the pair closes below $3.70. On the lower side, the near-term support is $4.40. Any break below target $4/$3.70. Any violation below $3.70 targets $2.

The immediate resistance stands at around $5.20. Any breach above confirms bullish continuation. A jump to $5.65/$6/$6.60 is possible. A surge past $8 will take it to $10.

It is good to buy on dips around $4.50 with SL around $3.50 for TP of $8.

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