The spot rate approaches resistance through its short-term trading range at 83.40. A break of these levels would reach the upper limit of its medium-term bullish channel to 84.10.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 83.40 with a 1st objective of 83.90, then 84.10. A break of 83.20 would invalidate this scenario.
