Pro-cyclical momentum rises, can the strong trend break through key resistance?

⑴ On Tuesday, the exchange rate remained firm, holding steady after reaching a one-and-a-half-week high in the previous trading session, quoted at 1.1919.⑵ An analysis report pointed out that pro-cyclical currencies, which are positively correlated with economic growth, "continue to be sought after," including .⑶ The relatively strong trend is supported by the continuous rise in regional economic data, such as the Sentix Investor Confidence Index for February released on Monday.⑷ However, it is still uncertain in the market whether the current rally can expand and effectively break above the key resistance level of 1.19.⑸ Some believe that in order to further rise to 1.20, an unexpectedly weak employment report to be released on Wednesday may be required.⑹ The market is closely watching core economic data, as the relative strength or weakness of regional economic momentum will be the key to determining the short-term direction.