Long term, thelooks bullish . the past few weeks has seen the commodity reliant pairinga fair amount due to the recoveringprices. However, the price has hit the 23.6% fibonacci retracement , therefore we are waiting for some sign of a bullish continuation. The daily chart also shows the price touching the 200 EMA then having a strong bullish movement off it, which again suggest a bullish continuation is on the cards. See http://www.plusfxtrading.com for more analysis