$RAY

RAY/USD Technical Analysis – 29th November 2024

RAY/USD is currently trading at 5.601, showing stability within a key range, with significant support and resistance levels that could drive the next price action. Traders are keenly watching for a potential breakout or reversal in this region.

Key Support: 5.500

Key Resistance: 5.700

With 5.500 acting as solid support, RAY has shown strong buying interest around this level. If it holds, a move towards 5.700 resistance is likely, where selling pressure could push the price lower. A breakout above 5.700 could trigger further upside, potentially targeting 5.900.

Entry Strategy:

Long: Consider entering near 5.500 for a potential rally to 5.700 and higher.

Short: If the price fails to hold above 5.500, look for a pullback toward 5.400.

RAY/USD is positioned at a pivotal point, and traders should stay alert for either a breakout or pullback to capitalize on these key levels. The next move could present significant trading opportunities!

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