The spot rate fell after testing the upper limit of its medium-term downtrend channel at 1.5510. It is now testing the lower limit of its channel to 1.5320 suggesting a rebound in the short term.
According to previous events, the market indicates a bullish opportunity on the levels of 1.5320 with a 1st objective of 1.5410, then 1.5450. A break in 1.5290 would invalidate this scenario.
