A strong and clearly identifiable uptrend is building, with a series of higher lows and mostly higher highs each day, since the key reversal day from Tuesday. Prices are above the 13-day EMA at 3.593, which is support, and next overhead resistance is seen at 3.65 and 3.67. The rally off of the key reversal day from last week is proving as compelling a move as the similar phenomenon from August. Support below the 13-day EMA is seen at 3.54,3.52, and 3.47, with the recent low of 3.37, the downside target in any reversal of the current rally.
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