The spot rate is moving in a medium term trading range and approaching to the intermediate support of this one at 76.80 suggesting a rebound. However, a break of these levels would entail a return to the lower limit of its trading range - to 76.60.
Technical indicators give signals to sellers suggesting a return to its intermediate support in the short term.
According to previous events, the market indicates a bullish opportunity at 76.80 with the 1st objective of 77.30, then of 77.50. A break through 76.60 will change this scenario.
