At trading in Asia on Wednesday, this currency pair is trading with an increase in quotations, remaining within the current support level at 0.9121 and at the resistance level around the 0.9195 mark.
On the four-hour chart, the moving averages with a period of 21 and 55 turned up and formed a buy signal, increasing the divergence, which demonstrates the emergence of an uptrend in this market. The price chart progresses in the area significantly above the exponential moving averages, which confirms the increase in the upward potential of this market in the short term.
The technical picture shows the same potential of the opposing sides, but with a slight advantage towards the bulls in this market, as the MACD histogram progresses in the area just above its central line, and the strength indicator of the current RSI movement has risen to the 60 line, which confirms the bullish tendency in this market in the short term.
Thus, we intend to buy this trading instrument today, but not yet in large volumes.