Alright, fam, checking out the $IO chart here.
Looks like we've seen a pretty decent bounce off that 0.773 support level it hit around July 19th. Good recovery from there.
Right now, we're testing the 0.870 area. This looks like a key resistance zone. We've seen some wicks above it, but no strong clothes yet.
Volume on this latest leg up isn't massive, but it's decent.
If we can break and hold above 0.877, we could see a push towards that 0.883 high from earlier. But if this resistance holds, might see a retest of 0.850 or even back to 0.830 as support.
Keep an eye on that volume on any breakout or breakdown. Trade safe out there.