At the trading in Asia on Wednesday, the currency pair is trading with an increase in quotations, remaining within the current support level at 0.9583 and the resistance level around 0.9689.
On the four-hour chart the moving averages with the periods of 21 and 55 slowed down, reducing the divergence and about to form a buy signal, which speaks in favor of the bullish market potential. The four-hour chart of the quotes progresses slightly above the exponential moving averages, which also indicates the upward trend of the market in the short term.
The technical pattern also shows the buyers' advantage as MACD histogram remains above its center line, the indicator of the strength of the current movement RSI returned to the area of line 60, confirming the strengthening of the ascending potential of this market in the short-term outlook.
Thus, we intend to buy this trading instrument today, especially if a buy signal is formed.
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