The exchange rate of the currency pair is currently moving within a descending channel on the daily timeframe, reaching the upper part of the channel. It has broken the trendline of the corrective movement, and the RSI is also showing divergence. Therefore, I anticipate a retracement back to lower levels.
Daily chart:
https://www.tradingview.com/x/Z0Et0uTK/
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Daily chart:
https://www.tradingview.com/x/Z0Et0uTK/
Good trading!
If you find it useful, like, follow, share!
Trade active
Target 1 reached
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.