At the auction in Asia on Monday, this currency pair is trading with an increase in price, remaining within the current support level at 0.9250 and at the resistance level around 0.9305.
On the four-hour chart, the moving averages with a period of 21 and 55 continue to move up, maintaining a decent discrepancy, which demonstrates the advantage of buyers in this market. The four-hour quotation chart progresses in the area above exponential moving averages, confirming the upward potential of this market in the short term.
The technical picture also demonstrates the advantage of bulls in this market, as the MACD histogram entered the area just above its central line, and the strength indicator of the current RSI movement rose above the 60 line, which confirms the advantage of buyers in the short term.
Thus, we intend to buy this trading instrument today.