At trading in Asia on Thursday, this currency pair is trading with a slight increase in quotations, remaining within the current support level at 0.9123 and at the resistance level around 0.9199.
On the four-hour chart, the moving averages with a period of 21 and 55 have slowed down and are consolidating, maintaining a slight divergence, which demonstrates the weakening of the downtrend in this market. The price chart progresses in the area between exponential moving averages, which indicates the consolidation of the potential of this market in the short term.
The technical picture also shows price consolidation in this market, as the MACD histogram progresses along its central line, and the strength indicator of the current RSI movement remains at the level of the 50 line, which confirms the equivalence of the sides and the sideways trend in this market in the short term.
Thus, we intend to stay out of this market today and until more clear signals are formed.