With the opening of trading in Asia on Thursday, this currency pair is trading with an increase in quotations, remaining within the current support level at 1.3222 and the resistance level at 1.3389, where the market chart continues to progress above exponential moving averages with a period of 21 and 55 days, demonstrating the advantage of buyers in this market in the short term.
On the four-hour chart, the moving averages have slowed down, reducing the divergence and are ready to turn up, which indicates the appearance of a bullish trend in this market in the short and medium term.
The technical picture also demonstrates a slightly stronger position of buyers, as the MACD histogram entered the area above its central line, and the strength indicator of the current RSI movement rose above the 60 line, confirming the advantage of bulls in this market in the short term.
Thus, we intend to buy this trading instrument today.