The pound advanced to a 6-day high of 1.6075 against the US dollar around 11:25 am ET, compared to yesterday's close of 1.6003. The cable is presently worth 1.6065 with 1.6090 seen as the next likely resistance level, ie, the 10-day SMA.Adds
Wednesday, 29 June 2011
Pound Rises To 6-day High Against US Dollar
The pound advanced to a 6-day high of 1.6075 against the US dollar around 11:25 am ET, compared to yesterday's close of 1.6003. The cable is presently worth 1.6065 with 1.6090 seen as the next likely resistance level, ie, the 10-day SMA.
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