The spot rate is moving in a medium term trading range and approaching the intermediate support of this one at 76.80 suggesting a rebound. However, a break though these levels will entail a return to the lower limit of its trading range - to 76.60.
Technical indicators do not provide clear signals, but until that the support is broken, the assumption of a rebound is most likely.
According to previous events, the market indicates a bullish opportunity at the levels of 76.80 with the 1st objective of 77.30, then of 77.50. A break though 76.60 will change this scenario.
