19:01 UTC
Broad range, mid-range drift lower · RSI 45 · price 0.58323
Multi-quarter range with lower high forming.
Range-bound between 0.5485 and 0.6130 since Q1 2025, with price now drifting in the lower half after a double top near 0.6090 in mid-2025 and again early 2026. EMA(50) on W1 sits around 0.5950 and price has rejected from it, keeping the macro structure neutral-to-soft. RSI is mid-range at 45, offering no extreme signal — this is a regime to monitor, not one with a clean directional read.
Support: 0.5610, 0.5485
Resistance: 0.5950, 0.6090, 0.6130
What it said to watch
- Weekly close below 0.5610 range low opens path toward 0.5485
- Reclaim of ema50 around 0.5950 would neutralise the lower-high read
- US-Iran developments and Fed inflation rhetoric could materially shift USD leg