The bulls are more in control. Interest rates in the US are up with the 10 year up 4.1 bps and trading at the high for the day. That is helping the pair. However, the negative (bearish) caveat to the run higher is that there is little in the way of a correction.
---------- Post added at 09:57 AM ---------- Previous post was at 09:54 AM ----------
Yesterdays bearish candle was quite significant. The market had rebounded recently to something of a crossroads where the momentum indicators had unwound back towards neutral configuration and the market was settling around a confluence of old support at $1.3250.