Like USDMXN this pair is moving southwards at the start of December. After making a high at 1.2546 the pair corrected a bit up to 1.2447. Yesterday, the pair broke the trend line and managed to close above the trend line. Today's trading pattern will determine the further price range of this counter. In Asia's trading session it is trading at 1.2460. Stochastic indicator shows a oversold sign.
Support - 1.2437, 1.24.
Resistance - 1.25, 1.2535, 1.2546, cmp 1.2465.
