At trading in Asia on Friday, this currency pair is trading with a slight decrease in price, remaining within the current support level at 0.9295 and at the resistance level around 0.9347.
On the four-hour chart, the moving averages with a period of 21 and 55 have slowed down slightly, but they continue to move up, maintaining a decent discrepancy, which demonstrates the remaining advantage of buyers in this market. The four-hour quotation chart progresses in the area slightly above exponential moving averages, confirming the upward potential of this market in the short term.
The technical picture also demonstrates the weakening of bulls in this market, as the MACD histogram entered the area just below its central line, and the strength indicator of the current RSI movement dropped to the 40 line, which confirms the weakness of buyers in the short term.
Thus, we intend to stay out of this market today and wait for more unambiguous signals to appear.