The spot rate came to test the upper limit of its bullish channel and declined. It now approaching its intermediate support at 81.40 suggesting a rebound on these levels. A break of this area would entail a return to the lower limit of its channel to 80.80.
According to previous events, the market indicates a bullish opportunity on the levels of 81.40 with a 1st objective of 81.90, then 82.20. A break in 81.20 would invalidate this scenario
