Ishares $ Flt Rt Bd Ucit is slightly down on the day, it isn't making a very large move but still down -0.31%. We'll see if it can keep moving down or not. It looks like IVSRF may be interacting with a slightly angled resistance line. This area could represent a pivot point. In addition to being near an angled resistance line IVSRF is near a weak resistance line. If there isn't strong buying pressure the price might bounce off and move back down, but it can always break through and move up. Ishares $ Flt Rt Bd Ucit has been drifting up over the last few months, we'll see if it has the energy to break through or if buyers decide to take profit.
If the price breaks through the resistance level it will probably move up to the $6.6141 where it may meet further resistance. If the price reverses and heads back down lower, it looks like the nearest support level is $6.496 it may head back up from there or break lower.
