The spot rate is currently testing the intermediate resistance of its short-term bullish channel at 1.4250 suggesting a return to the lower limit of its channel at 1.4170.
According to previous events, the market indicates a bullish opportunity on the levels of 1.4170 with a 1st objective of 1.4260, then 1.4300. A break in 1.4150 would invalidate this scenario.
