It broke its first resistance at 0.415 (ALSO NEAR ITS 50D EMA), with Technicals indicators pointing toward its BULLISH BREAKOUT.
(RSI above 69%,: Stochostic above 61% ,: MACD positively biased with bullish divergence,: ADX indicates positive momentum.), with increasing volume support.
Next resistance is at 0.460.
(Note: the recent High at 0.540 serves as a good guide)
It may be a good BUY Entry at 0.420-0.430 when the price action is further supported by higher volume.
You may refer to the following Daily Chart
HAPPY TRADING
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