The spot rate is testing support through its medium-term bearish channel at 81.90 and seems to initiate a rebound. However a break of these levels would initiate a return to the lower limit of its channel to 81.60.
According to previous events, the market indicates a bullish opportunity on the levels of 81.90 with a 1st objective of 82.60, then 82.90. A break in 81.60 would invalidate this scenario.
