$US has finally experienced a strong rally after a long accumulation phase. What is really behind this market movement? To put it simply, it’s driven by robust demand and aggressive buying.

More importantly, trading volume has significantly increased. What does this usually indicate? That the trend will continue rather than reverse soon. The price stabilizing at high levels also shows one thing — buyers are still firmly in control.

From a technical perspective, the first support level is around 0.00720-0.00700. Interestingly, this is also the recent starting point of this upward move. As long as $US holds this line, the bullish structure remains intact, and any pullback can be seen as normal fluctuation.

Want to go higher? First, break through the resistance zone at 0.00790-0.00820. In the short term, there might be some retracement here, but that doesn’t affect the overall bullish outlook.