The spot rate is currently testing the lower limit of its medium-term bearish channel at 81.90 suggesting a rebound. However a break of these levels would initiate a more violent downward trend.
According to previous events, the market indicates a bullish opportunity on the levels of 81.90 with a 1st objective of 82.50, then 82.80. A break in 81.70 would invalidate this scenario.
