The spot rate came to test the upper limit of its medium-term bullish channel at 1.4650 and fell. A return to the intermediate support at 1.4450 is expected before a resumption of its bullish.
According to previous events, the market indicates a bullish opportunity on the levels of 1.4450 with a 1st objective of 1.4570, then 1.4600. A break in 1.4420 would invalidate this scenario.
