At trading in Asia on Wednesday, this currency pair is trading with an increase in price, remaining within the current support level at 0.9295 and at the resistance level around 0.9348.
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, since the MACD histogram remains in the area above its central line, and the strength indicator of the current RSI movement has consolidated above the 60 line, which confirms the advantage of buyers in the short term.
Thus, we intend to buy this trading instrument today.