The spot rate is currently testing the intermediate resistance of its medium-term bearish channel at 81.80 and seems to initiate a decline. A return to the 81.10 is expected before a resumption of bullish.
According to previous events, the market indicates a bullish opportunity on the levels of 81.10 with a 1st objective of 81.80, then 82.00. A break in 80.90 would invalidate this scenario.
