The spot rate is currently testing the intermediate resistance of its short-term bullish channel at 1.4360 suggesting a decline. However a break of these levels would reach the upper limit of its channel to 1.4450.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.4360 with a 1st objective of 1.4450, then 1.4480. A break in 1.4330 would invalidate this scenario.
