From a technical point of view, the pair remains on the upside and now stands above its 50-day moving average (in blue) as the daily RSI stands within its buying area between 50 and 70. Readers may therefore consider the potential for further advance above horizontal support at 0.6165. The nearest resistance would be set at previous overlap at 0.6470 and a second one would be set at set at Mar. 9 top at 0.6685 in extension.
Source: TradingView, GAIN Capital