The spot rate approached support level through its medium-term downtrend channel at 83.60. A rebound is possible on these levels. However, a breakout of this area would result in a return to the lower limit of its channel at 83.40.
According to previous events, the market indicates a bullish opportunity on the levels of 83.60 with a 1st objective of 84.00, then 84.20. A breakthrough of 83.40 would change the situation observed on the market.
