UNIUSD: Gains will be short lived!

UNIUSD

Intraday - We look to Sell at 7.927 (stop at 8.857)

The primary trend remains bearish. Buying pressure from 5.800 resulted in prices rejecting the dip. We look for a temporary move higher. Resistance is located at 8.000 and should cap gains to this area. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.

Our profit targets will be 5.802 and 5.500

Resistance: 6.500 / 7.000 / 7.500
Support: 6.000 / 5.500 / 5.000

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