The spot rate is currently testing the intermediate support of its medium term bullish channel in 1.3270 suggesting a rebound. However a break of these levels would entail a decline to the lower limit of this one to 1.2990.
According to previous events, the market indicates a bullish opportunity on the levels of 1.3270 with a 1st objective of 1.3320, then 1.3340. A break in 1.3250 would invalidate this scenario.
