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The spot rate is currently testing the intermediate support of its medium-term bearish channel at 1.4400 suggesting a rebound. However a break of these levels would entail a return to the lower limit of this one to 1.4280.
According to previous events, the market indicates a bullish opportunity on the levels of 1.4400 with a 1st objective of 1.4510, then 1.4550. A break in 1.4370 would invalidate this scenario.
